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FinancialNews


  • 02-12-20

    Iran begins Exchange Traded Fund on Tuesday

    (MENAFN)IRIB declared that, the secondary trades of the entities of the second exchange-traded fund (ETF) are going to starton Tuesday in Tehran Stock Exchange (TSE).

    Shares have been sold by the Iranian government in three banks and two insurance companies by the first exchange-traded fund (called Dara First).

    The bank-based ETF holds 17 percent of government bet in Tejarat Bank, 17 percent in Bank Mellat, 17.34 percent in Alborz Insurance Company, 18.32 percent in Bank Saderat Iran, and 11.44 percent in Amin Reinsurance Company.

    Iran"s major stock exchange called Dara First, which is programmed on Tehran Stock Exchange, and was the first fund from a series of three ETFs, during them shares of some state-owned organizations and companies are intended to be obtainable.

    MENAFN02122020000045011369ID1101219389

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