CSDI: Trading Codes Pile Up

With Iran’s stock market gaining increasing traction for investors, the number of novice investors applying for trading codes is rising in tandem. 
According to the Central Securities Depository of Iran data, more than 822,000 trading code were issued for investors during the last fiscal year that ended March 19, putting the total number of stock market investors at more than 11.65 million.   
This indicates an average 68,500 codes a month, with the number in ascending as the year came to an end.
Accordingly, the number of issued codes rose from 55,000 per month during at the beginning of the last fiscal year to over 172,000 during the last month of the previous calendar year.