Foreign investment in Iran capital market soars by 140%
Baku, Azerbaijan, Sept. 11
By Khalid Kazimov – Trend:
The volume of investment made by foreigners in Iran’s capital market has increased by 140 percent following the implementation of the Joint Comprehensive Plan of Action (JCPOA) Jan 16, a senior official with Securities and Exchange Organization of Iran (SEO) said.
Shapour Mohammadi, the head of Iran’s Securities and Exchange Organization, has said that foreigners have made about $373.5 million (11.7 trillion rials converted to US dollar based on official rate on Sep. 11) in investment in the country’s capital market since the JCPOA was implemented, Iran’s Securities and Exchange News Agency reported.
Speaking to reporters at a press conference in Tehran, Shapour Mohammadi added that if companies provide their financial statements according to the IFRS standards (International Financial Reporting Standards), the way for the participation of foreign investors in Iran’s capital market will be paved.
According to earlier reports, the Central Securities Depository of Iran issued 61 trading codes for foreigners to trade in the country’s equity market over the first five months of current Iranian calendar year (starting March 20).