Baku, Azerbaijan, June 6
By Khalid Kazimov - Trend:
The Iran Fara Bourse, a Tehran-based over-the-counter (OTC) market for securities and other financial instruments, has drawn about two trillion rials (about $65.5 million according to the official rate on June 5) in investments over the past three months since the Iranian calendar year started on March 20.
Amir Hamouni, managing director of the Iran Fara Bourse, said the volume of the investments in the past three months equals to the total volume of the investments lured over the last year, IRNA news agency reported June 6.
He added that foreign investors have recently become interested in Iran's capital market.
This is while the Iranian capital market slipped into recession after it demonstrated a positive reaction to the implementation of the Joint Comprehensive Plan of Action (JCPOA) on Jan. 16, resulting in the removal of the nuclear-related sanctions imposed on the Islamic Republic's key energy and financial sectors.