Lost trust of shareholders will be compensated / the range of fluctuations will not be eliminated for the time being

According to Tejarat News, a meeting of representatives of private sector organizations and the head of the Stock Exchange and Securities Organization was held at the Tehran Chamber of Commerce.

At this meeting, private sector activists as well as representatives of this sector in the stock market expressed their concerns and recommendations to Majid Eshghi, the head of the stock exchange organization. Topics such as mandatory pricing, how companies enter the stock market, marketing issues, volatility, publishers’ transparency, and… were some of the most important issues that private sector activists talked about.

After the speeches of the representatives of the private sector organizations, Majid Eshghi, the head of the stock exchange organization, said at the beginning of his speech that due to technological changes, many previous processes of the organization have not been developed in proportion to the growing market. Review We will use the advice of private sector activists.

The head of the stock exchange announced the reform of the underwriting and said that he was trying to make the way for new companies to enter the stock exchange smoother.

Eshghi said that last year the government financed the stock market a lot, and this put a lot of pressure on the market, and on the other hand, the influx of liquidity and market tension was not enough to respond to the large number of people. He expressed hope that the follow-up would make up for the lost trust of shareholders and that proposals to address this issue would be included in the budget.

Regarding grammatical pricing, Eshghi said that in the steel and petrochemical industries, this problem has almost been solved, and in other industries, this issue must be solved.

Eshghi said about eliminating or increasing the range of fluctuations, this issue will increase the volatility and turbulence of the market. Of course, the organization intends to gradually open the range of fluctuations, but it will do so first with companies that are more stable in the market.

The head of the stock exchange organization said about the entry criteria for technology-based companies or startups: “It will be time-consuming to amend these criteria. Therefore, we implemented the entry of startup companies with the same criteria so that the companies could be accepted. “However, by amending these rules, it is on the agenda.”

Eshghi said that one of the problems we had in the past years was the issue of creating a culture of high-risk companies. For example, last year the shares of some small and risky companies were distributed among millions of shareholders, which is a challenging issue.
A large part of the increase in the sale of debt securities on the stock exchange is traded between banks, and these figures that appear in the transactions do not mean the issuance of securities at all.

He also concluded by saying that we are looking to increase the tax exemption for listed companies. Eshghi also stressed that we will definitely not have an order for pricing in the budget for the stock exchange industry.

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