Capital Market Stumbles

The financing capacity of Iran’s capital market abated in the first quarter (March 21-June 21) of the current fiscal year while that of banks increased.
Funds made available by the capital market was 796 trillion rials ($3.3 billion) in Q1 – down 23.8% compared to the 1,045 trillion rials ($4.3b) reported in the first quarter of last year.
According to data released by the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIM), total contribution of the  money market and capital market was 5,770 trillion rials ($24b) in Q1.