Former Bourse Chief Makes His Case

Former CEO of the Securities and Exchange Organization (SEO) Hassan Qalibaf-Asl defended his performance on Wednesday. 
Speaking at a valedictory ceremony, Qalibaf-Asl pointed to the liquidity tsunami, jump in the number of stock market investors, increase in market capitalization of the Tehran Stock Exchange (TSE) and the junior exchange Iran Fara Bourse (IFB) plus lifting the ban on trading the so-called Justice Shares as key issues that emerged in a relatively short period.
"Liquidity worth 1,200 trillion rials ($5.2 billion) flowed into the market in five months from beginning of the fiscal year [up until mid-August]," he was quoted as saying by Securities and Exchange News Agency.