Number of trading codes in Iran stock market tops 20 million

Statistics announced by the Central Securities Depository of Iran (CSDI) indicated that the number of trading codes in Iran’s stock market has reached 20.5 million.

7 October 2020
ID : 22603
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Statistics announced by the Central Securities Depository of Iran (CSDI) indicated that the number of trading codes in Iran’s stock market has reached 20.5 million.

A trader standing on the trading floor of the Tehran Stock Exchange.

Statistics announced by the Central Securities Depository of Iran (CSDI) indicated that the number of trading codes in Iran’s stock market has reached 20.5 million.

More than 40 percent of the codes were issued in the current fiscal year that started March 20, according to the CSDI.

The first six months of the year saw a flurry of new investors into the stock market that was unprecedented in the 53-year history of Iran’s bourse.

Iranian Economy Minister Farhad Dejpasand said on Saturday that the government is going to continue implementing development programs to help flourishing the capital market.

“The stock market situation is not measured only by the fluctuations of its index. The Iranian stock exchange is in the process of becoming a modern stock market,” Dejpasand said.

“Factors like the increase in the number of members, the growth of the value of transactions, and the expansion of instruments are also indicators of a deepening and growing trend in the market and the index should not be the only factor for evaluating a market,” the minister said.

Tehran stock market has plunged over the past weeks as sell-side pressure outweighed demand and many categories saw price declines.

 

 

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