Justice shares, divestures saved the day

Financial Tribune – The government’s decision to offer its stakes in several companies in the stock market and allow the so-called ‘Justice Shares’ to be tradable saved the bourse from a potential bubble burst, says Saeed Laylaz.

The well-known economist welcomed both initiatives implying that it came at a right time when unusually large amounts of liquidity was pouring into the share market pushing up indicators to record highs.

Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei in April approved a government request to transfer the ownership of Justice Shares to the people and remove earlier restrictions on its tradability.