The one-year history of the stock market on the table of the parliament – Tejaratnews
According to Tejarat News, Majid Eshghi said: “We have started discussing the establishment of public stock companies for the project, three projects started at the end of last year and will be subscribed in the new year.”
Majid Eshghi stated in the joint meeting of the Ministry of Economy and the members of the Economic Commission of the Parliament: In 1401, following the events that happened to the stock market in 2019 and considering other events that happened in the country at the end of summer, it was an inflammatory year and now the stock market It is in good condition. One of the issues that was pursued in the stock exchange was the failure of the monopoly in financial institutions, which we issued numerous licenses in the brokerage sector, funds, portfolio management companies and holdings, in this regard, 15 agreements in principle were issued, of which 6 agreements led to the establishment, one license has received activity and the others are in the process of obtaining activity and establishment licenses, which will help shareholders to provide better services.
He stated: Indirect investment through investment funds was also followed up and a total of 90 activity licenses were issued for new funds, these new funds included equity funds, leveraged funds, partial funds and capital guarantee and real estate funds, which we are aiming for in the year We are currently developing all these funds.
Setting up capital guarantee funds
The head of the stock exchange organization said: In general, five funds were launched for the first time in 1401, this issue included sector funds that target a specific industry. One of the serious concerns was that newcomers were exposed to serious risks due to their unfamiliarity with investing in the stock market.
Referring to the development of financial institutions, he mentioned: At the beginning of the government, we had 770 financial institutions, and now this amount has reached 950 financial institutions, and all these things are to improve the quality of services to shareholders and stock market operators.
The head of the stock exchange organization said: “One of the things that the parliament helped but did not come up in the 1402 budget is the issue of interest payment through SEJAM, last year we paid all the profits of natural persons electronically through SEJAM, and people physically look for They did not receive their profits. At the same time, one of the successful actions of the stock exchange was related to the accrued profits of the shareholders in companies in the past years, and with the follow-ups, we paid from one Rial to 90 billion Tomans of these accrued profits to nearly 32 million people through Sejam.
2-stage payment of equity dividends in 1401
Eshghi further noted: Last year, justice shares had a good profit and amounted to 60 thousand billion tomans, people who had shares worth 500 thousand tomans were paid 1 million and 300 thousand tomans, and this action was carried out in 2 stages.
Referring to the implementation of the stock exchange support packages that were implemented in February and November of last year and caused relative confidence in the market, the head of the stock exchange organization added: “Unfortunately, the entire budget of the stabilization fund was not allocated.” But the amount that was allocated was also very effective and caused the market to reach a relative certainty of the existence of the applicant.
Organizing the adverse conditions of the first refining and asset fund
The head of the stock exchange organization stated that another positive performance of the stock exchange in the last year was the organization of the unfavorable conditions of the Ikem Refining and Property Fund, which caused the annoyance of more than 2 million shareholders, and said: With the help of the Minister of Economy, the statutes of these funds were amended and the price of this fund It reached a higher price than its real price.
He also said about the shareholder: “The next issue was that the shareholders who had less than 100 million shares were insured through their portfolio stabilization fund, and we announced that anyone who holds these shares for one year will be paid 20% interest.” This created peace in this sector and half a million people welcomed the shareholder.
The head of the stock exchange organization stated that whistle-blowing is one of the cases that the stock exchange organization has initiated and is following up on it this year as well. 30% of the crimes that are paid to the government treasury for these violations are awarded to whistleblowers, for which we paid 150 million Tomans last year.
Modifying some infrastructure of the stock market
Eshghi further said about the reform of some of the infrastructure of the whole market: in this section, we launched the price depth of the total orders, which was done for the first time in Iran, and basically this is not a common issue, for traders, now all legal and real shareholders in the form of They have free access to the depth of market orders and can view orders in online systems.
The head of the stock exchange organization pointed to the correction of the fluctuation range as another positive action taken by this organization and said: This event contributed significantly to the liquidity of the market, and now we do not see long lines of purchases in the market even on positive trading days.
Reducing the government’s share of financing in 1401
He stated that last year good things happened in the field of financing, and continued: Last year, the share of government financing from the capital market decreased, in 1400 the government sold 183 thousand billion tomans of bonds, which decreased in 1401. found
Eshghi pointed out: On the other hand, the private sector, i.e. corporate bonds, increased from 35 thousand billion tomans to 135 thousand billion tomans, and we are trying to continue this issue in the new year to increase the share of the private sector and economic enterprises in financing the government from the capital market. .
The head of the stock exchange organization added: We have also started discussing the establishment of public stock companies for the project, three projects started at the end of last year and will be subscribed in the new year.
Regarding the plans of the stock market in the year to curb inflation and production growth, he said: We have no choice but to direct liquidity towards productive activities, this is one of the missions of the capital market and it causes an increase in supply in the economy and curbs inflation, which 6 We define the important axis in this regard and follow them up.
Source: ISNA