How much did the value of equity shares fall this week?

According to Tejarat News, Justice shares In the first week of summer, it fell by about two percent. Also, the total index of the stock market decreased by 1.3% and ended at the level of 1.513 thousand units.

The value of the basket of 532 thousand tomans reached 14 million and 181 thousand tomans at the end of the working days of this week, that is, Haft Tir. This is while the value of this basket was 14 million 464 thousand Tomans last week.

At the end of this week, the value of the one million share portfolio stood at 26,720,000 Tomans. This basket was worth 27 million and 244 thousand Tomans last week.

Also, the value of the basket of 492 thousand tomans was equal to 13 million and 143 thousand tomans on Wednesday. This amount was equivalent to 13 million and 406 thousand tomans in the previous week.

In this way, the salable value of 60% of the 532 thousand toman basket reached seven million and 886 thousand tomans.

Will the equity mechanism change?

Mehdi Saadati, head of the faction Justice shares Majlis said yesterday at the press conference of the Union of Equity Cooperatives: Equity cooperatives are related to shareholders with indirect management method and provincial investment companies are related to beneficiaries in direct management method.

Saadati said that in the previous government, the Supreme Council of the Stock Exchange sought to diminish the role of cooperatives through violations of the law and illegal actions. It has been 15 years since equity cooperatives started their work, but the previous government had reduced their rights to zero.

He clarified: So far, capital has not been given to the equity cooperatives, but it is supposed that the portfolio management of the shareholders will be provided to these companies. Also, institutions such as the Cooperative Chamber, the Ministry of Cooperatives, the Union of Equity Cooperatives, the Securities and Exchange Organization, and the Supreme Council of the Stock Exchange should supervise the activities of equity cooperatives.

This is despite the fact that according to Peyman Haddadi, assistant director of the Securities and Exchange Organization, provincial equity cooperatives have not been dissolved and only the percentage of their shares in provincial investment companies has decreased. According to Haddadi’s statements, the cooperatives were formed in 2005 in order to register and join people to receive equity shares.

Haddadi stated: Following this issue, equity shares were directly available to the people and cooperatives became shareholders of provincial investment companies like the people. Cooperatives believe that people are not shareholders of provincial investment companies and all the shares of these companies belong to the cooperatives. This is despite the fact that such an issue is not true and the cooperatives intend to consider themselves as intermediary institutions. On the other hand, the rights of the cooperatives were paid according to last year’s resolution of the Supreme Council of the Stock Exchange, and according to the self-declaration of the cooperatives, the payment of 75% of these rights has been realized. However, it should be noted that the salaries of cooperative employees cannot be paid from shareholders’ profits. And in the situation that many of these cooperatives were not active in recent years.