TEHRAN, Iran, May.6
Trend:
A supportive package for Iran's capital market would have a positive affection on demands, Managing Director of Sephr Investment Company and former head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Khodadad Gharibpour told Trend.
He said in recent days certain options regarding the support of Iran's stock exchange were discussed.
"Injecting resources from the National Development Fund to the Iran Capital Market Stabilization Fund and removing ban on financial institutes from obtaining bank advances to invest in capital market, along with issuing permits for investment companies and holdings to finance the capital market by issuing debt securities - all this could affect the demand in the market," he said.
"The main point considering issuance of debt securities is that the primary sources for buying these bonds are financed outside the capital market, but it is obvious that if these companies sell their bonds to their subsidiary companies nothing will happen," he said.
The idea is to attract financial resources outside the capital market, or from banks, which means using bank advances or buying shares in the capital market, he said.
"It seems the core of this supportive package are banks, the National Development Fund and taxes. The correct use of these three sources could have a successful outcome," he said.
