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Foreigners' purchase of Iranian shares near $23m in a month

Source: Tehran Times

TEHRAN- "Overseas investors purchased 798 billion rials (about $22.7 million) of shares in Iran's capital market during the third Iranian month of Khordad (May 21- June 20, 2016), a senior official in Central Securities Depository of Iran (CSDI) said.

Tehran Stock Exchange (TSE)

As IRNA quoted Fariba Akhavan, during the said period, 21 foreign investors from Switzerland, Italy, Japan, France, Lebanon, Oman, South Africa, Iraq, China, Pakistan, and Afghanistan obtained the necessary trade codes and licenses to enter the Iranian capital market.

"Therefore, the number of active foreign individuals and entities in Iran's domestic capital market currently stands at 636," she added, "of which the number of legal ones stands at 82."

After the implementation of Iran's nuclear agreement with the six global powers in January and initial annulment of banking and financial embargo against Iran, foreign investors have showed tendency towards (re)commencing activities in Iranian capital market.

In early May, Deputy Head of Iranian Privatization Organization (IPO) Davoud Khani announced that his organization is ready to transfer 100 percent of the shares of state-run firms to foreign investors without any limit, IRNA reported.

"Now, it is possible for them to purchase shares in Iran's capital and exchange market after receiving a trade code," Khani said.

... Payvand News - 06/30/16 ... --

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