TEHRAN – Head of Iran’s Securities and Exchange Organization (SEO) has stated the stock market is a very powerful supply of capital for improvement initiatives and the commercial sector should use this market’s capacities for funding their initiatives.
Speaking within the SEO’s second trade professional desk on Sunday, Mohammad-Ali Dehqan Dehnavi stated: “In current years, the capital market has discovered a particular place within the nation’s economic system as a result of massive presence of shareholders. The significance of the capital market is such that right now even in political points, resembling presidential election, a big quantity of content material is said to the stock market, and this exhibits the vital place of this market within the nation.”
SEO has began a program for establishing trade professional desks by which the challenges, points, and desires of assorted industrial sectors are mentioned individually and options are introduced to beat them.
The first desk of the SEO, held in mid-May, was targeted on the refining trade, whereas the second desk has been devoted to the mining trade with a particular deal with cement manufacturing models.
Speaking on this assembly, Dehnavi pointed to the targets of creating the talked about desks, saying: “This desk has a consulting position in step one and can look at numerous points, challenges, and issues of assorted industries by the interplay of various components of the capital market and trade.”
These desks could be attended by all producers, related associations, scientific and analysis our bodies, and monetary establishments, he confused.
“The opinions of policy-making establishments such because the Ministry of Industry, Mining and Trade, the Research Center of the Iranian Parliament, and members of parliament may also be utilized in these conferences,” the official added.
The conferences should result in the preparation and formulation of particular options to unravel issues and to find out what legal guidelines and rules are wanted to handle the present challenges, in order that finally, by addressing these challenges and consequently the expansion and improvement of the trade, the capital market may additionally profit, Dehnavi acknowledged.
Earlier on May 17, the official had talked about forming professional desks as a productive method for discussing and resolving the problems of assorted industrial sectors and famous that SEO is searching for to ascertain professional desks for all the commercial sectors lively within the stock market.
EF/MA
