Iran Press/ Iran News: Speaking on Tuesday in the meeting of the Government’s Economic Coordination Board, Hassan Rouhani mentioned Monday's meeting with the managers of petrochemical and steel industries and discussions on some obstacles in the way of activities and requests to solve these problems, emphasizing: "We will never let the production and trade of the country to get caught in bureaucracy and face problems. All agencies are required to remove these barriers with maximum coordination.”
Referring to the issues raised regarding the offering of shares of state-owned companies in the stock exchange, Rouhani said: "This process, which is aimed at involving people in the country's economy and directing liquidity to the capital market, can also boost the country's production.”
The President instructed all government agencies to expedite their actions in accordance with the rules and instructions approved by the board regarding the transfer of shares of factories on the stock exchange.
Rouhani also instructed the Ministry of Economic Affairs and Finance to transfer part of the government shares in the stock exchange on a regular and continuous basis, considering the large investments that have been made in recent years in large companies around the country and the increased value of government shares in these companies.
"Considering the successful experience of offering shares of large companies in recent months, other large companies can replicate this experience," concluded the President.
Iranian stock market, flourishing
The past Iranian calendar year (ended on March 19) witnessed a very fruitful performance for the country’s stock market.
As Tehran Stock Exchange (TSE) Head Ali Sahraei has announced, the value of trades at the Tehran Stock Exchange jumped 2.6 folds, while Return on Investment (ROI) reached 180 percent in the previous year.
While growth and development in the Iranian stock market have been started in recent years, the previous year was in fact a time of flourishment for the country’s stock exchanges.
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