Capital Market Augments Role in Supporting Economy

Economy Minister Ehsan Khandouzi says that the role and contribution of the capital market in the national economy has increased four times in the last calendar year that ended in March. “Semi-private and private companies listed in the capital market collectively raised 1,240 trillion rials ($2.53 billion) by using capital market instruments. Last year the figure was 320 trillion rials,” Khandouzi was quoted Tuesday as saying by IBENA. “Our plan for this year is to further improve and enhance the contribution…banks are also set to make better use of their instruments.” Share of the capital market in funding the economy reached 20-25% in the previous year, taking into account bonds and funds raised by private companies and the government. Banks still account for almost 80% of the funding.