According to the Shahr-e-Bourse , Hojjatollah Seydi, Chairman of the Securities and Exchange Organization, at the opening ceremony of the annual capital market conference , while appreciating the presence of Dr. Pezzeshkian and the support of the Minister of Economic Affairs and Finance, emphasized the vital importance of “investment” as the only path to achieving continuous and sustainable economic growth.
Referring to the depth and breadth of the capital market, he noted: “Fortunately, today we have more than 1,200 financial institutions and about 50 million stock exchange codes in the country, of which about two million people (based on the standard of 5 to 6 transactions per year) are actively present in the market.”
In describing the performance of the last 15 months, Sayidi explained: “Thanks to the efforts of market activists, the efficiency of the stock exchange has increased and we have been able to record an average return of over 50 percent compared to September of last year. With the increase in efficiency, we are witnessing a favorable return of trust, an increase in the number of activists, and a growth in trading volume; although we have not yet reached the ideal point, the trend is completely improving compared to last year.”
The head of the stock exchange also pointed to the market’s resilience in times of crisis, adding: “We experienced a 12-day war, in which the market decline and outflow of money were far less than expected. The important point is that after the decline caused by the war, the market grew by 20 percent within 4 months, which indicates the people’s trust in the government’s economic programs.”
Stating that we currently have a balanced market, he emphasized: “The issue of protecting people’s assets has been well done, and liquidity has also been well done.”
Seydi considered the growth plan one of the main missions of the stock exchange organization and noted: “I hope we will reach a good point with the welcome of capital market activists.”
The head of the stock exchange organization also stated: “We are happy to start the first of December with the presence of economic activists and the president. We are looking to reach $400 billion in the stock market, like advanced countries, but of course this path is not short and smooth.”
Referring to the need for more companies to be listed on the stock exchange, he explained: “Many companies are not yet listed on the stock exchange; we accelerated initial public offerings .”
