The stock value of Iran will spike past US$70 bln by subsequent month, as announced by a senior authority of Privatization Organization of Iran (POI). The stock was valued US$34 bln as of March 19, the last day of Iranian calendar.
First on the list of Tehran Stock Exchange's (TSE) agenda is the privatization of 15 petrochemical companies. A deadline of six years is laid down for the privatization of all the state-run companies. However, all the remunerative companies will be promptly privatized in the next two years.