Capital Market Role Expands in Iran

A report by the Tehran Chamber of Commerce, Industries, Mines and Agriculture Economic Review Department shows the expanding role of the capital market in financing businesses.
The report put the contribution of capital market in financing economic sectors at 813 trillion rials ($6.8 billion) during the first seven months of the current fiscal year (March 20-Oct 22).    
According to the report released on the TCCIM website, the figure indicates almost two-fold growth (99.7%) compared to the corresponding period last year. 
The share of finance by equity financing rose from 290 trillion rials last year to 428 trillion rials ($3.6 billion) by Oct. 22.