Tehran, Iran, Jan. 24
By Milad Fashtami - Trend:
In the past two months, some 27 foreigners have received their shareholder codes in Iranian stock exchange market.
The Managing Director of Central Securities Depository of Iran Hamed Soltaninejad said that the investors are from Germany, England, China, Afghanistan, and Syria, Iran's Shana News Agency reported on Jan. 24.
"Some 97 foreign investors joined Iran's stock exchange market from the beginning of the current Iranian calendar year (March 21) until the end of the 10th calendar month (January 20)," he noted.
Ali Salehabadi, chairman of the Iranian Securities and Exchange Organization, said in October 2014 that the country's stock market will soon become international.
"Iran will facilitate the process of foreign investors' presence in the country's capital market by omitting obstacles and regulating clear laws," he said, Iran's Fars New Agency reported.
"Currently there are 7.6 active shareholder codes in Iranian stock exchange market," Salehabadi noted.
"Currently 40 industries are present at Iran's stock exchange market," he said.
Salehabadi said in June that Iran has facilitated the inflow of foreign investment into the nation's stock markets.
"Foreign investors will receive shareholder codes within seven working days," he said.
Foreign investors reportedly do not need any permission from the Iranian government to do business in Iran's stock exchange.
Tehran Stock Exchange's main index has experienced a falling trend ever since.
Founded in 1967, the Tehran Stock Exchange has been one of the world's best performing stock markets in recent years and has ranked as the best bourse index in Europe, Africa and Middle East in 2010 in terms of performance of the main index.
The TSE's annual growth rate of main indices was also ranked as the second best among all members of the World Federation of Exchanges (WFE).
The WFE is the association of 52 regulated exchanges around the world which aims to develop and promote standards in markets.