Iran's capital market revenues increase

Business Materials 28 May 2011 14:05 (UTC +04:00)

Azerbaijan, Baku, May 28 /Trend/

Iran's capital market revenues are flourishing and daily transactions have increased, IRNA reported quoting Mohammadreza Rostami, Vice President of the Tehran Stock Exchange.

"Daily increase in capital market transaction in this Iranian calendar year (ended March 20, 2011) boosted the revenues up to 88 percent" he added.

Iran's Capital market will support private sector and according to government budget plan banks would offer facilities and loans to active companies in stock market.

Iran's stock exchange indicators doubled to 26,675 points in the last Iranian calendar year.

The enormous growth in the exchange market brings the concerns over possible bubble effect on the market, however the government rejects concerns over the fast growth in the Stock market saying it indicates a constant economy.