Nuclear Deal Boosts Tehran Bourse Trade as IPO Requests Jump - Bloomberg:
"Some of the most dramatic evidence of change in Iran since the nuclear agreement that brought sanctions relief to the country is visible in Tehran’s stock market.
In the past 18 months, about 193,000 people have sought permission to trade on the bourse, said Tehran Stock Exchange Corp. Chief Executive Officer Hassan Ghalibaf-Asl. At least 45 companies have asked to list their shares since the Iranian year started in March, and he expects as many as 13 initial public offerings within the 12 months, compared with seven in the previous period.
“The market has been on the rise” since the agreement was implemented in January 2016, Ghalibaf-Asl said in an interview at his office in the Iranian capital. The May re-election of President Hassan Rouhani, who backed the accord, was a further “positive signal” of continuity for the market, he said."
'via Blog this'
No comments:
Post a Comment