09 November 2008
The government has agreed to offer the shares of Iran Post Company in the bourse, disclosed the company's managing director.
Mohammad Hassan Mohebbian also said that articles of association of the post company would be prepared by March 2009, Inn.ir reported.
"The company aims to join bourse in the specified timeframe and prepare the conditions for establishing the second operator of the country's post network," he said.
He further said that electronic post has doubled the number of mails.
"Per capita parcel post for each Iranian stands at 15 per annum," he said, predicting that the figure would rise to 17 with the promotion of postal services.
Meanwhile, Tehran Stock Exchange (TSE) has embarked on an ambitious modernization program to ensure greater market transparency and attract further domestic and foreign investors.
Concrete measures have been taken in the planning and operations of the stock exchange such as the settlement system, geographical expansion and new exchange laws to attract local and foreign capital. TSE is a full-fledged member of World Federation of Exchanges and a founding member of Federation of Euro-Asian Stock Exchanges.
The TSE is solely an order-driven market and all transactions are executed under the principles of open auction.
Trading takes place in an order-driven system, which matches buying and selling orders of investors.
Investors can place orders with TSE's accredited brokers, who enter these orders into the trading system. Then, the system automatically matches buy and sell orders of a particular security based on the price and quantity requirements.
The government has agreed to offer the shares of Iran Post Company in the bourse, disclosed the company's managing director.
Mohammad Hassan Mohebbian also said that articles of association of the post company would be prepared by March 2009, Inn.ir reported.
"The company aims to join bourse in the specified timeframe and prepare the conditions for establishing the second operator of the country's post network," he said.
He further said that electronic post has doubled the number of mails.
"Per capita parcel post for each Iranian stands at 15 per annum," he said, predicting that the figure would rise to 17 with the promotion of postal services.
Meanwhile, Tehran Stock Exchange (TSE) has embarked on an ambitious modernization program to ensure greater market transparency and attract further domestic and foreign investors.
Concrete measures have been taken in the planning and operations of the stock exchange such as the settlement system, geographical expansion and new exchange laws to attract local and foreign capital. TSE is a full-fledged member of World Federation of Exchanges and a founding member of Federation of Euro-Asian Stock Exchanges.
The TSE is solely an order-driven market and all transactions are executed under the principles of open auction.
Trading takes place in an order-driven system, which matches buying and selling orders of investors.
Investors can place orders with TSE's accredited brokers, who enter these orders into the trading system. Then, the system automatically matches buy and sell orders of a particular security based on the price and quantity requirements.
© Iran Daily 2008
