BAKU, Azerbaijan, August 18
By Elnur Baghishov – Trend:
The participation of population in Iran's capital market is growing at the present, said Hassan Ghalibaf Asl, Head of Securities and Exchange Organization of Iran (SEO), Trend reports citing the Fars news agency.
He made the remark at a meeting with members of the Tehran Chamber of Commerce Industries Mines and Agriculture (TCCIMA).
Ghalibaf Asl said that according to the organization’s researches, new entrants to the Iranian capital market bring in 100-150 million rials (about $2.380-3,570) in capital.
Ghalibaf Asl added that the Central Securities Depository of Iran issues 100,000-120,000 trading codes every day.
The official stressed that this means that 15-20 trillion rials (about $357-$476 million) flow into Iran's capital market per day.
"Observations show that 1-1.1 trillion rials (about $23.8-$26.1 billion) has entered the capital market by new entrants since the beginning of current Iranian year (began March 20, 2020)," he said.
According to the official, a total of 350 trillion rials (about $8.3 billion) has entered the Iranian capital market by new entrants in the last Iranian year (March 21, 2019 to March 20, 2020).