• time : 10:42:48
  • Date : Sat Mar 14, 2020
  • news code : 191112
Iran capital market must play central role in financing economy
Farhad Dejpasand, Minister of Economic Affairs and Finance of Iran, responded to questions from national media reporters on approvals of the 171st session of the Stock Exchange's Supreme Council.

(SHADA: TEHRAN) -- The recent developments in the stock market were discussed at the meeting and there was hope that fortunately the capital market is gradually achieving its true position, Dejpasand said.

However, in the Iranian economy, the capital market should have a central role in financing the economy and guiding the liquidity towards the financing of firms, as well as being a point of reliance on liquidity holders at different levels of society, he added.

Fortunately, people are also gradually realizing the potential of the capital market and welcoming it significantly, Dejpasand noted.

One of the points highlighted at today's meeting was that the stability of the capital market is very important and that, in this direction, there would be naturally fluctuations that are not specific to Iran, and in some countries they are even more than of Iran, he stated.

Certain activities have been disrupted by some price changes, including a drop in oil prices by more than 30%, though, as we should note, those who come to the capital market are analysts and risk takers, Dejpasand noted.

Fortunately, during the meeting, it was emphasized that the government supports the stability of the capital market and, God willing, this stability will continue, he added.

In today's meeting, the five percent range of the stock market volatility and base volume were set to continue, and we will accelerate the initial public offerings at the end of this year and the start of the new year, the Minister of Economy said.

Dejpasand further stated that the government and the president support the offering of government stocks.

Stating that at the first meeting of the Stock Exchange early next year, we will discuss how the government stocks will be offered, he said: God willing, for the implementation of the government stocks offering, regulations of the 1399 budget law will be drafted with priority and discussed in government.

He also urged those seeking to enter the capital market to consult with specialist groups due to the importance, elegance and risk of this market.

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