Number of foreign investors at Iran capital market growing

Business Materials 26 July 2016 17:37 (UTC +04:00)

Baku, Azerbaijan, July 26

By Khalid Kazimov – Trend:

The number of foreign traders at Iranian capital market has reached 650, a market official said.

Fariba Akhavan, a senior official with the Central Securities Depository of Iran (CSDI), said that 14 new foreign investors were listed at the country’s capital market over the past month, IRNA news agency reported.

According to the report, foreign investors became interested in the country’s capital market after the implementation of the Joint Comprehensive Plan of Action (JCPOA) followed by the removal of nuclear related sanctions on the Islamic Republic.

Traders saw some volatility on the Tehran Stock Exchange over the past months as the negative trend of prices and trade volumes turned positive.

The downward trend in the TSE came following an extremely positive reaction to the implementation of the Joint Comprehensive Plan of Action (JCPOA) Jan. 16, which resulted in the removal of the nuclear-related sanctions imposed on the Islamic Republic’s key energy and financial sectors.

The TSE, however, hiked by 28.3 percent over the last Iranian calendar year that ended on March 20, compared to the preceding year.