"Iran intends to gain the first rank not only in the middle east but also throughout the world and with the divestiture of the shares of banks and the telecommunications; Iran shall be the first ranking country in this regard internationally."

In his talks with ISNA, Mr. Gholamreza Heidary Kord Zangeneh said: "The private sector lacks any considerable incentive in the purchase of shares, since the profitable companies in the Stock Exchange are already queued for selling and there is no purchaser for their shares.  It should be examined that why foreign companies are eager to buy shares of MOBARAKEH STEEL CO. and the like, but not much eagerness can be traced among the domestic bidders."

He reminded that: "In spite of the new financial instruments and bodies, the traditional viewpoints and opinions are still dominant.  Therefore, people do not risk and fail predicting probable changes for shares during the next year."

"This situation is also related to the TSE, because when there is an increase in the shares of a company, it attempts to limit that increasing trend and when another share confronts the price decrease, it transfers the share to the 4^th Board. 

"As far as the banks shares are concerned", he said, "there exists no problem, since this industry is quite profitable throughout the world, and upon the announcement of the readiness by the private sector for the ten-percent supply for the first day, 15 percents shall be supplied during the first day." 

He finally said that: "From the beginning of the current Iranian Calendar year until now (eight months), 77.000 billion Rials of shares have been divested.  Currently, there are 13.000 billion Rials worth of notices for 20 percents of the MOBARAKEH STEEL CO., Aluminum and other companies.  With these being sold by the end of November, the revenue from divesting shall exceed 90.000 billion Rials (amounting to 10 billion Rials approximately).