TEHRAN, Iran, Sep. 13
Trend:
Iran's capital market has reached a stable position to become the first destination for investment in the country, said a capital market expert, Trend reports citing IRNA.
The stock exchange trading last week was normal and large companies faced sale pressure which compensated shareholders loss, Amir Ali Amirbagheri has indicated.
He noted that the positive events that are currently occurring in the capital market are intra-channel correction and circulation of stocks.
The expert emphasizes that there have been expectations from the current administration about the capital market that are based on election campaign promises in which the government seeks to reduce inflation and control foreign currency rate.
The biggest needs of the capital market in medium and long term are the positive liquidity, growth, and inflation coverage.
"It seems that in current situation stock transactions faces these issues and now the market is in the primed for investment," he noted.
The expert predicted that the stock exchange transactions in next week will be normal and supply would possibly increase over demand.