Iran`s Bank of Industry and Mine chosen as telecommunication staffs` surplus stocks

The bank was chosen from 95 stock broker companies.
“Stock broker companys main duty is to offer stock and trade them,” banks stock agency vice president Nasser Aghajani said.
“First step for purchasing surplus stocks is to receive stock trading code and after that the permission to purchase stocks by applicants will be provided to the stock broker company with determining stock amount,” he added.
“After pricing and determining stock amount, applicants should pay the needed amount of money to stock brokers bank account, hence company could purchase stock for applicant and receive its own dues,” Aghajani said.
“Purchasing surplus stock is cash. Stock broker has to deposit the money received to Stock Exchange organization within three days. Buyers can resell their stocks via the stock broker company to others,” he added.
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