TEHRAN- The head of Iran’s Securities and Exchange Organization (SEO) announced that the units of the second exchange-traded fund (ETF) will be traded soon if the government accepts this organization’s proposal.
“A few days ago, a proposal was submitted to the government, and if this proposal is accepted, the second ETF will start trade soon”, Hasan Qalibaf-Asl said on Sunday.
The second ETF’s director had announced in late October that the time when the fund’s units would be tradable was unclear.
Davood Razaqi said, “As two of the four refineries, whose shares are due to be offered via this fund, have increased their capital, but the capital boosting has not been considered in the ETF’s asset, the fund’s index cannot be opened yet.”
As he said, the capital boosting has occurred at Tehran Oil Refining Company and Isfahan Oil Refining Company.
In May, the Iranian government sold shares in three