TEHRAN, Iran, May.25
Trend:
The number of people that have stock code to trade in the stock exchange has increased from 7 million in 2013 to 37 million in 2020, said the Iranian Government Spokesman.
The stock index in 2013 was about 40,000 units and today it's around 1.1 million units, the number of stock codes without counting shareholders of the Justice Shares is 37 million, said Ali Rabiei, Trend reports citing IRNA.
"The issue of the capital market evolution is important. The capital market is supplying the needs of investors in the country that are infrastructures for the healthy economy but there are some who only enter the stock exchange when it's on the rise and our goal is to support these individuals," he added.
"Individuals that invested for a long term in the stock exchange never had losses, the government role is to support these individuals for example the government has made compensatory policies to help individuals that purchase government exchange-traded fund (ETF)," Rabiei noted.
"The government would act to compensate the losses of these individuals from its income. The pressures on the economy during sanctions and the increase of foreign currency rates have caused people to preserve their assets by investing in the capital market for the short term. The capital market is evolving and the government would make all its effort in this regard," he stressed.