What was the value of my equity shares?

According to Tejarat News, equity shares fell by less than one percent in the third week of August. Also, the total index of the stock market increased by 0.35% and ended at the level of 1,448,000 units.

The value of the basket of 532 thousand tomans reached 10 million and 504 thousand tomans at the end of the working days of this week, August 19. This is despite the fact that the value of this basket was 10,935,000 tomans last week.

Also, the value of the basket of 490 thousand tomans was equal to 9 million 429 thousand tomans on Wednesday. This amount was equivalent to 10 million and 284 thousand tomans in the previous week.

Conditions for receiving equity loan

Some banks, including National Bank, give loans to equity holders. The equity loan amount of Bank Melli, like other banks, is 50% of the daily value of equity shares.

People were supposed to be able to borrow using their equity. However, the amount of equity loan is small and this loan is in the form of a credit card, the use of which has its own conditions. Equity is a form of subsidy. The government has considered equity shares for people to have more participation in the economy.

The first condition for receiving this loan is to have an account in National Bank. After that, applicants can apply for a loan through bank applications.

The second condition is that the applicant must have a national smart card. Registration in the Sejam system and authentication is another important condition. Also, only those who have not sold any shares of their Adalat stock portfolio can receive Bank Melli equity loan. If the beneficiaries have sold even one share of their portfolio, they cannot get the loan.