Economy, Business And Markets

Foreign Equity Trading on the Rise

Foreign Equity Trading on the RiseForeign Equity Trading on the Rise

The Central Securities Depository of Iran issued 225 trading codes for foreigners to trade in Iran’s equity market in the last Iranian year (March 2015-16), which indicates an 85% rise compared with the previous year, according to CSDI’s Managing Director Mohammad Reza Mohseni. Foreign trading has been on the rise following the nuclear deal Iran signed with world powers back in July and its implementation in mid-January. Currently, businesspeople from the United States, the United Kingdom, Russia, Germany, Switzerland, Sweden, Uzbekistan, China, the Netherlands, India, Turkey, Lebanon, South Africa, Japan, Cyprus, Italy, the UAE, Norway, Greece, Indonesia, Zimbabwe, Iraq, Pakistan, Syria, Malaysia and Afghanistan are trading in Iran’s equity market, IRNA reported.