Ten companies listed on the Tehran Stock Exchange and Iran Fara Bourse (over-the-counter stock market) will start short selling of shares on Feb.23, CEO of the Securities and Exchange Organization said.
According to Shapour Mohammadi, the short-selling rules are similar to conventional short-selling across the world, but they have been adjusted by the Islamic Jurisprudence Committee of the SEO to be compatible with Sharia laws.
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