Iran’s share market is booming on the back of huge inflow of fresh money and a substantial increase in investors in the past three months.
The managing director of Securities and Exchange Organization Hassan Qalibaf-Asl told a press conference Monday that 500 trillion rials ($2.5 billion) in fresh capital flowed into stocks during the first quarter of the current fiscal year that started in late March.
This figure is staggering compared to the money inflow throughout the last fiscal year that reached 300 trillion rials ($1.5 billion), Qalibaf-Asl was quoted as saying by ISNA.
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