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Foreign Equity Trading Surges

Foreign Equity Trading SurgesForeign Equity Trading Surges

The Central Securities Depository of Iran issued 61 trading codes for foreigners to trade in Iran’s equity market during the first five months of the current Iranian year (March 20-August 21), which indicates an 86% rise compared to the same period in 2015, said the CSDI managing director Mohammad Reza Mohseni. He added that 24 codes were issued during the fifth month of the current fiscal year (July 22-August 21) alone. The new codes bring their total number to 674. Investors from the US, UK, Spain, Russia, Germany, Sweden, Switzerland, Uzbekistan, China, the Netherlands, India, Turkey, Lebanon, South Africa, Japan, Cyprus, Italy, the UAE, Norway, Greece, Indonesia, Poland, Qatar, Iraq, Pakistan, Syria, Luxemburg, Kuwait, New Zealand, Malaysia, South Korea and Afghanistan have invested a total of $100 million in Iran’s equity market, Securities and Exchange News Agency (SENA) reported.

Financialtribune.com