Tehran (IP) - Iran's President, in a phone call with Economy Minister, instructed him to accelerate the offering of major companies in the stock market by removing the possible obstacles.

Iran PressIran News: In the phone call with Minister of Economic Affairs and Finance Farhad Dejpasand on Friday, President Hassan Rouhani appreciated the work of all those involved in the Tehran Stock Exchange (TSE) for facilitating the offering of the Social Security Investment Company (SSIC) shares as a major economic holding.

"The process of offering major companies shares in the stock market must be accelerated and continued by removing the possible obstacles as soon as possible," Rouhani stressed, according to the official website of the President of the Islamic Republic of Iran.

Iran's stock market must turn into a vastly trusted one with lowest risk level

"The Ministry of Economic Affairs and Finance must try to turn the stock market into a vastly trusted one with the lowest risk level to prevent people's capitals being wasted in insecure markets," said the President.

The Minister of Economic Affairs and Finance also presented a report on the latest trends in the market and the work done for facilitating and continuing the offering of major companies in the stock market.

While the coronavirus outbreak has fanned new fears of a worldwide recession, sending stock markets spiraling down to new record lows not seen since the financial crisis, TSE has been showing growth with an increase of investments.

Main Index Daily Trend, tse.ir February 2020 report
Monthly Trading ValueTrend, tse.ir February 2020 report

International Monetary Fund (IMF) has predicted a 1.5% improvement in Iran’s economic growth for 2020 compared to 2019, amid the outbreak of coronavirus, while it said 'worst recession since Great Depression' is likely to happen in the world.

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Iranian President Hassan Rouhani
Main Index Daily Trend, tse.ir February 2020 report<br>
Monthly Trading ValueTrend, tse.ir February 2020 report