Azerbaijan, Baku, July 2/Trend M. Moezzi
Iran's National Development Fund will form a joint task force with the country's Securities and Exchange Commission in the near future.
Head of the Exchange Commission Ali Salehabadi said that stock exchange has become a big and varied market in Iran where the best companies can be found, the Mojnews website reports.
Salehabadi pointed to the difference between 2005, when the transactions in Iran's capital markets totaled $4.5 billion and 2011 when just the over-the-counter market did $6.5 billion in transactions. In 2005 Iran's mercantile exchange did more than $3.2 billion in transactions. In 2011 it grew to more than $25 billion.
The capital market is an important reality in Iran today and its role in the country's economy is undeniable.