Capital Market Financing Down 48% in Five Months

The capital market lost its capacity to finance the economy by about a half in the first five months of current fiscal year (March 21-August 22).
Total funding available via capital market was worth 2,720 trillion rials ($10 billion) in the five months, indicating 48% decline compared to the corresponding period last fiscal year, Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIM) reported on its website, citing data released by the Securities and Exchange Organization.
The declining was apparently due to recession in the stock market saddled with large scale capital outflow following mounting sell-off demand that has continued unabated since the market collapsed in August 2020.