Iranian capital market opens to CIS, neighbors
Baku, Azerbaijan, Nov. 2
By Khalid Kazimov – Trend:
An Iranian official has called on foreign investors to enter the country’s capital market, saying the way for them is open particularly for those from the Commonwealth of Independent States (CIS).
“The way for foreign investors particularly those from the neighboring countries and the CIS is open to enter Iran’s capital market,” IRNA news agency quoted Yaser Fallah, the head of international affairs at the Securities and Exchange Organization of Iran (SEO), as saying on the
sidelines of a fair on investment opportunities in the Islamic Republic.
He further said that the SEO has established proper ties with the similar organizations in the regional countries such as Oman, Turkey and Pakistan over the past five years.
Elaborating on the similarities between Iranian and Turkish stock exchange organizations, he said that they already have inked several memorandums of understanding on cooperation.
Iranian capital market offers favorable opportunities for investment as the stock market capitalization to GDP ratio in the country stands at 27 percent, he noted.
The CIS states exported $1.035 million worth of goods to Iran over the first six months of the current Iranian calendar year (March 20-Sept. 21, 2016), indicating a 104 percent surge year-on-year.
In the meantime Iran exported 1.068 million worth of goods to the CIS, indicating a 17 percent increase compared to the same time last year.