The positive outlook included in the six-month reports of the listed companies at the Tehran Stock Exchange coupled with optimism on the outcome of ongoing nuclear talks are two crucial contributors to this week’s upward trend of the market benchmark, Ali Salehabadi, managing director of the Securities and Exchange Organization told FNA.
Salehabadi said that the government’s plan of action to exit recession is very likely to stoke a good impact on the capital market. Moreover, he said that the SEO and the Capital Market Development Fund have been working together to help bring back stability to the equity market.“The CMDF officials plan to tackle the illiquidity challenges facing the capital market in a bid to bolster the market’s liquidity and reinvigorate the Tehran Stock Exchange,” Salehabadi stated.
