TEHRAN, Iran, Oct.26
Trend:
Investments in Iran's capital market have increased and expected to expand further, said the Chairman of the Securities and Exchange Organization of Iran Hassan Ghalibaf Asl, Trend reports via Mehr News Agency.
"The liberation of so-called Justice Shares' and increase of the index rate can be mentioned as positive events of the capital market that have happened during the current Iranian year (started March 20,2020)," he said.
"A total of $3 billion worth of 'Justice Shares' were traded at the market, and weremostly sold by low the income class," he said during the parliament session.
Ghalibaf Asl said that the sale of the government owned shares at the capital market was $7.6 billion.
"The sale of government bonds at the capital market was worth $21 billion, which is a considerable figure, compared to the last Iranian year (started March 21,2019)," he said.
"The establish of public stock companies to finance the government projects was one of the important tasks in the capital market," he said.
"The parliament's report on the stock exchange was very good and would help the market to grow. The capital market has grown in past two years, especially in the current Iranian year (started March 20,2020), however the infrastructure did not adapt to this growth," he said.