TEHRAN (Iran News) – The number of trading codes at Iran’s stock market has reached 13 million, according to the latest data released by the officials from Iran’s Securities and Exchange Organization (SEO). Also as announced by SEO Head Shapour Mohammadi, 300,000 persons are conducting trades at this market per week, of them 20,000-30,000 persons […]
TEHRAN (Iran News) – The number of trading codes at Iran’s stock market has reached 13 million, according to the latest data released by the officials from Iran’s Securities and Exchange Organization (SEO).
Also as announced by SEO Head Shapour Mohammadi, 300,000 persons are conducting trades at this market per week, of them 20,000-30,000 persons are present in the base market of Iran’s over-the-counter (OTC) exchange market, known as Iran Fara Bourse (IFB).
The official put the number of companies active at stock market at 600, and number of financial institutes active at this market at 650, saying that 6,000 directors are present at the country’s capital market.
In September there were some 630 large companies, active in 40 industries, with full transparency in performance that were currently present at Tehran Stock Exchange and Iran Fara Bourse.
Increasing number of the companies, rising capital, and diversity of securities all indicate that this market is working well toward more capital funding, but it is unfortunate that despite all these promising factors, stock market’s share is still low in this due.
One reason is that investors have their eyes more on the banks rather than the Bourse for securing their required fund; it seems somehow logical as the banking system has a longer history in Iran compared to the stock market. There are hopes to make the market doing better.
- source : tehrantimes, irannews
