TEHRAN – The Advisory Council of Iran’s Securities and Exchange Organization (SEO) has proposed two new programs for supporting the stock market within the present Iranian calendar yr (began on March 21), in accordance to the SEO Head Mohammadali Dehqan Dehnavi.
The particulars of the talked about programs dubbed “capital market coverage bundle to support manufacturing and get rid of obstacles” and “the plan to enhance the place and efficiency of the capital market” have been offered in a gathering between Dehqan Dehnavi and the members of the SEO Advisory Council.
“The capital market has witnessed nice modifications previously two years and has grown considerably when it comes to dimension, the quantity of exercise, and presence of individuals. These fast developments have modified a few of the equations [in the market],” Dehnavi mentioned following the talked about assembly.
He emphasised that the construction and amenities of the stock market needs to be reviewed and modified based mostly on the dimensions and quantity of at present’s market and the problems it faces.
“New capacities needs to be created not solely within the construction of the stock change group [SEO] but in addition in all sectors of the market so as to adequately reply to the present wants,” the official mentioned.
According to the official, the primary of the above-mentioned programs, particularly “capital market coverage bundle to support manufacturing and get rid of obstacles” has been ready by the SEO Research Center to deal with the problems that the stock market is going through in supporting home manufacturing.
“It offers options to greater than 40 to 50 capital market challenges and points on this regard,” he famous.
In the second program, the need and methods of enhancing the place and efficiency of the capital market are mentioned and the raised points and issues can be addressed by way of specialised working teams with the presence of specialists, analysts, capital market activists and managers from totally different sectors.
Unprecedented fluctuations within the Iranian stock market over the previous few months have raised considerations amongst shareholders, specialists, and students main them to name for the federal government to enhance support for the market.