TEHRAN- Iranian Finance and Financial Affairs Farhad Dejpasand mentioned that in accordance with the settlement made between his ministry and the Ministry of Business, Mining, and Commerce, the shares of 50 non-public corporations are deliberate to be supplied within the stock market, IRIB reported.As introduced by the pinnacle of Iran’s Securities and Trade Group (search engine optimization), the capital market has supplied one quadrillion rials (about $23.809 billion) of financing in the course of the first 4 months of the present Iranian calendar yr (March 20-July 21).
Hassan Qalibaf-Asl mentioned that the determine is over thrice greater than that of the identical time frame previously yr.
“Our plan is that the prosperity in the secondary market, which is the capital market, will be led toward the primary market and production sector”, the official famous.
Qalibaf-Asl had beforehand introduced that the quantity of liquidity absorbed by the capital market reached 500 trillion rials (about $12 billion) in the course of the first quarter of the present yr (March 20-June 20), whereas the whole quantity of liquidity entered into this market stood at 300 trillion rials (about $7.14 billion) in the course of the previous yr.
He famous that the excessive quantity of liquidity that’s coming into the capital market has supplied some good alternative for this market, because it’s being developed and flourished, for the enterprises, as they’re securing their required funds, and in addition for the federal government.
“Until the previous week, we had just one IPO (initial public offering) on Wednesday every week, but in the previous week, two IPOs were held. The value of IPOs stood at 53 trillion rials (about $1.261 billion) in the previous [Iranian calendar] year, while the figure has been 137 trillion rials (about $3.261 billion) just in the first four months of the current year”, the search engine optimization head introduced on August 3.