The head of Iran’s Securities and Exchange Organization (SEO) announced that the capital market has provided one quadrillion rials (about $23.809 billion) of financing during the first four months of the current Iranian calendar year (March 20-July 21).
Hassan Qalibaf-Asl said that the figure is over three times more than that of the same period of time in the past year, Tasnim news agency reported.
“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 noted.
Qalibaf-Asl had previously announced that the amount of liquidity absorbed by the capital market reached 500 trillion rials (about $12 billion) during the first quarter of the current year (March 20-June 20), while the total amount of liquidity entered into this market stood at 300 trillion rials (about $7.14 billion) during the past year.
He noted that the high amount of liquidity that is entering the capital market has provided some good opportunity for this market, as it’s being developed and flourished, for the enterprises, as they’re securing their required funds, and also for the government.