Bourse Set for Bigger Role in Economy

Iran’s capital market made available 2,650 trillion rials ($16.5 billion) in funds for the government and listed companies in the last fiscal year (March 2019-20). 
The amount was 111% higher than the stock market contribution to funding businesses a year earlier, indicating the role of the bourse in serving the struggling economy, the Tehran Chamber of Commerce, Industries, Mines and Agriculture said in a report. 
The chamber said the percentage of stock market finance rose from 14% in fiscal 2018-19 to 21% last l year -- a further indication of the shrinking role of banks.   
TCCIM reports on two types of finance, namely equity financing and debt financing with a bigger space for the former.