Stock market generates $9.9 billion in 9 months

Financial Tribune – Iran’s stock market made funds available for businesses to the tune of 1,290 trillion rials ($9.9 billion) in the first nine months (March 20- Dec 21) of current fiscal year, the Tehran Chamber of Commerce, Industries, Mines and Agriculture said.

This is up 196% compared to the corresponding period last year when businesses generated 556 trillion rials through the capital market, signifying a bigger contribution of the bourse to recapitalize businesses, the TCCIM website reported.

TCCIM reports on two types of finance, namely equity financing and debt financing. The share of equity financing increased from 202 trillion rials in December 2018 to 598 trillion rials ($4.6 billion) in December 2019.

Likewise, debt financing amounted to 692 trillion rials ($5.3 billion), rising from 354 trillion rials at the end of 2018.