Volume of foreign investment in Iran’s capital market surges by 40%

Business Materials 12 July 2016 18:11 (UTC +04:00)

Baku, Azerbaijan, July 12

By Khalid Kazimov – Trend:

The volume of foreign investment in Iran’s capital market has increased by 40 percent since the Joint Comprehensive Plan of Action (JCPOA) was implemented on Jan. 16.

Bahador Bijani, deputy head of Securities and Exchange Organization (SEO) for international affairs, said that international investors became interested in Iran’s capital market after the implementation of the JCPOA, IRNA news agency reported July 12.

According to Bijani, the Islamic Republic increased its cooperation with international capital markets.

He also called for launching joint projects with international capital markets.

The official touched upon a recent memorandum of understanding (MOU) inked between Securities and Exchange Organization of Iran and South Korea’s capital market and financial institutions, saying the MOU is aimed at increasing the level of cooperation between the two countries’ stock exchanges.