2 More Banks to Resume TSE Trading

Bank Tejarat and Bank Saderat will publish their new interim financial statements next week and their symbols will reopen for trading at Tehran Stock Exchange, announced Ali Beykzadeh, an official with the Securities and Exchange Organization on Wednesday, SENA reported. The two banks’ shares, along with Bank Mellat and Post Bank, have been suspended from trading since July by the Central Bank of Iran and SEO, and were mandated to prepare their financial statements based on International Financial Reporting Standards. Bank Mellat was the first of the four to resume trading after about 7 months. Its shares dropped 37.51% to 1,206 rials after the Tuesday reopening and dragged down the TSE benchmark index, TEDPIX, by 835.55 points.