Bourse set for bigger role in economy

Financial Tribune – Iran’s capital market made available 2,650 trillion rials ($16.5 billion) in funds for the government and listed companies in the last fiscal year (March 2019-20).

The amount was 111% higher than the stock market contribution to funding businesses a year earlier, indicating the role of the bourse in serving the struggling economy, the Tehran Chamber of Commerce, Industries, Mines and Agriculture said in a report.

The chamber said the percentage of stock market finance rose from 14% in fiscal 2018-19 to 21% last l year — a further indication of the shrinking role of banks.

TCCIM reports on two types of finance, namely equity financing and debt financing with a bigger space for the former.