PJSCs Lead in Capital Market Funding: CBI

Key elements contributing to funding in the Iranian market in the calendar month of April 20 were an increase in capital with a share of approximately 84% and bonds taking up the rest, the Central Bank of Iran said in a report this week. In terms of initial public offerings (IPOs), approximately 240 billion rials ($4.6 million) was made available in the calendar month accounting for a mere 0.2%of the total. This indicates a relatively modest level of IPO activity during the period.