TEHRAN, Iran, Apr.26
Trend:
Providing liquidity from the National Development Bank of Iran to the country's stock market will bring back the trust of shareholders and improve the capital market situation, said the supervisor member of the Supreme Stock Exchange Council Mohsen Alizadeh, Trend reports via ILNA.
"There is significant investment in the capital market, but unfortunately the real shareholders have lost their trust and it should be re-gained, there's need for more responsibility," he said.
"One of the regulations that should have been implemented during the previous years was injecting one percent of the National Development Fund into the capital market annually," he said.
Alizadeh said that despite an order to inject liquidity from the National Development Fund into the capital market, and despite consistent drops of stock index in the last Iranian year (started March 20,2020) this regulation was never implemented," he said.
He said that since the announcement of the regulation, about $3.5 billion should've been injected from the National Development Fund for the capital market, but the figure wasn't provided and currently, the market needs more than the mentioned volume.
