President reiterates support for bourse

Financial Tribune – President Hassan Rouhani on Wednesday reiterated the need to continue supporting the share market by boosting the supply side and listing more companies.

Speaking at a weekly Cabinet meeting, Rouhani said all relevant administrative bodies have a duty to protect the people’s assets invested in stocks.

Referring to the pattern of growth in the share market in recent months, he underscored the need to increase initial public offerings to address the supply crunch.

“We need to increase IPOs to let the bourse safely continue its ascending order,” IRNA quoted him as saying.