Iranian Government Encourages Companies and Individuals to Invest in Tehran Stock Exchange
According to local media reports, Iran’s new government is planning to encourage individuals and companies to invest in Tehran Stock Exchange rather than spending their hard-earned money in risky markets.
In recent years, a number of local companies and organizations have invested large amounts of money in foreign currency exchange and gold markets. Over the past few years, fluctuations in mentioned markets have tempted many people to invest in these markets in the hope of securing high profit margins.
Hassan Rouhani, the new president of Iran, is reportedly interested in drawing people’s attention to Tehran’s promising stock exchange. Sources close to Iran’s new president say the next government of Iran will encourage people to invest in TSE by offering various incentives including low-interest loans.
Kazem Malekabadi, an Iranian economist, says these probable measures will help the local government to recover Iran’s damaged economy. International embargoes on Iran have made many troubles for Iranian companies and businessmen.
“As a matter of fact, these actions will reduce the negative effects of economic sanctions on Iran. On the other hand, the government can rebuild Iran’s economy more efficiently.” Kazem Malekabadi told the Herald Boy on Sunday.
He also went on to criticize Iranians for investing in risky markets, which don’t have any bright futures. “Unfortunately individuals and companies in Iran are reluctant to invest in stock exchanges. In my opinion, the Iranian government should promote the culture of investing in stock markets.”
Kazem Malekabadi praised Mahmoud Ahmadinejad for establishing a strong stock exchange market in Tehran. “We should not forget the positive decisions made by Iran’s former president Mahmoud Ahmadinejad with regard to Tehran Stock Exchange. His government managed to persuade more companies to invest in these profitable markets.”
The Tehran Stock Exchange (TSE) is Iran’s largest stock exchange, which first opened in 1967. As of May 2012, 339 companies with a combined market capitalization of US$104.21 billion were listed on TSE.