Iran is stable, 44 years of honor The daily trading value of Tehran Stock Exchange was equal to the annual trading value before the revolution

Sayyed Farhang Hosseini, in an interview with Fars news agency’s economic reporter, regarding the comparison of the status of companies in the Tehran Stock Exchange and capital market before and after the Islamic Revolution, said: Financial markets can be examined from the perspective of efficiency and performance indicators, including the number of companies, transactions, and activists. and evaluation. Efficiency is divided into three areas of operational, allocation and informational efficiency.

This capital market expert noted: The capital market has faced serious changes after the Islamic revolution, especially after the approval of the Securities Market Law and the approval of the Instrument Development Law. Also, the structure of the capital market became independent from the Central Bank, and the Supreme Council of the Stock Exchange was formed in the middle of the 1380s, which played an important role in the development of capital market instruments.

Regarding the comparison of the capital market before and after the revolution, Hosseini noted: the companies accepted in the capital market have increased from about 100 companies before the Islamic revolution to more than 700 companies now, and the number of stock brokers has increased more than 3 times. .

* The value of the daily transactions of the capital market is the same as the annual transactions before the revolution

He stated the interesting points of the comparison of the capital market before and after the revolution as follows: The increase in the volume of transactions is an important point, so that currently the dollar value of daily transactions in the capital market is more than a whole year of transactions before the revolution. . This issue shows the increase in the floating shares of companies and the confidence of people to buy and sell shares. Also, with the implementation of equity shares and the transfer of shares to more than 49 million people, the number of stock exchange codes compared to the population has also increased significantly, and currently more than two-thirds of people have stock exchange codes and are shareholders.

Hosseini noted: However, before the Islamic Revolution, only the Tehran Stock Exchange was active. Commodity exchange was actually formed in the 1380s, which has become a fair discovery of price and removal of rent, transparency of supply and demand, and analysis of commodity markets, and in addition to operating in the field of financial assets, the stock exchange has also been able to operate in the field of commodities and energy.

This capital market expert also mentioned that in the fifth development plan, non-stock public companies have been organized and required to be registered with the stock exchange organization. This issue prevented the asymmetry of information and the abuse of some people in the transactions and caused the inclusion of dozens of companies in the basic market, which has benefited the shareholders and companies and has increased the operational efficiency.

According to him, one of the other important issues is the methods of accessing information. Price information, financial information and secret information are among the things that can strongly affect the decision of investors. In this regard, the infrastructure of access to price information and financial information has been improved in several steps, including the establishment of provincial stock market halls in the 1370s and 1380s, and also with the expansion of information technology, information was quickly online, but the laws for crime The concept of using and abusing confidential information has also been established, which has caused it to be an obstacle to prevent the misuse of internal information of companies.

In the end, Hosseini stated: Also, the actions regarding the underwriting of the companies about to be established, the project fund and the creation of a fair process for sharing the initial supplies have improved the allocation efficiency in the capital market after the Islamic revolution.

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