Issuance of warrants on 20 stock exchange symbols – Tejaratnews
According to Tejarat News, the Capital Market Development Fund took an action to support the stock market, which is as follows.
Qadir Masoumi Khangah, the director of the capital market development fund, said regarding the latest measures taken by this fund in order to support the stock market: According to the resolution of the board of directors of the capital market development fund, it is supposed to issue buy and sell options on 20 symbols. be active
He added: These symbols include the symbols of “WebMalt”, “Vetjarat” and “Vebsadar” from the banking group; “Khasapa”, “Khodro”, “Khagstar” and “Khabhman” from the automotive group; “Camels”, “Shepna” and “Shabandar” from the group of petroleum products; “Exchange”, “Farabours” and “Kala” (the so-called farakabs) from the group of intermediate financial institutions; “Steel”, “Femli”, “Zob” and “Wamadan” from the group of basic metals and extraction of metal ores; And also the symbols of “Shasta”, “Fars” and “Hakhshti” are among the big holdings in the market.
He continued: Of course, the Development Fund had previously issued warrants on the symbols of Khasapa and Khodro in the automotive group, and was present on both sides of the purchase and sale of these bonds, but the activity of this period included the issuance of warrants and warrants. And the activity will be on both sides. The volume of these bonds will be at a level that both the market will be saturated to a reasonable extent and welcome it and the volatility of the shares will be controlled.
Regarding the necessary resources for the implementation of this plan, Masoumi Khangah stated: In order to implement this plan and issue purchase and sale warrants on the mentioned symbols, if necessary, the assets of the Capital Market Development Fund will be confirmed with the Central Depository Company, and if necessary, resources If it is cash, the cash will be provided from the cash sources available to the fund. Also, if needed, cash resources from the sale of warrants will be used. It should be noted that money management and asset management in the development fund are carried out with the necessary checks and efforts are made to ensure that no risk is caused to the development fund and the market.
This official said about the time of issuing these bonds: We are trying to obtain the necessary permits for the issuance and supply of warrants and put options from the stock exchange or over-the-counter company as well as the Securities and Exchange Organization before the end of this year. Before publishing and offering these papers, official notification will be made. We hope that the release of these bonds will help to increase the depth of the capital market and also reduce the risk of investors.
Source: Senate