Saying that the Iran Stock Exchange is aimed to stand in the first rank in the 20-year Outlook Plan of the Country in the region, President of the Stock Organization stated that before the end of the Outlook Plan and during the next 4-5 years, we shall gain this objective.

In the 26th Meeting of the Stock Organization, President of the Stock Organization, Mr. Ali Salehabadi, mentioned the fact that the capital market is now playing a greater role in the national economy and is a proper place for divesting the SOEs shares and the attraction of wandering capitals.  

He said: “Nowadays, not only the Stock and Out of the Counter Markets have gained several successes, but also the stock exchange has increased the volume of its transactions and met a considerable development, concurrent with the introduction of new and various products.”  

“Development of these three organizations resulted in the fact that capitalization potentials of the capital market and the size of their transactions were considerably promoted and the Iranian authorities are particularly concentrating on the capital market issues.” He added.

Implementation of three Significant Plans of the Commodities Stock Market in the Near Future

This official had some explanations regarding the Commodity Stock and its transactions: “The Bylaw of the Commodity Stock was approved a few years ago, and subsequently in view of the developments in the Commodity Stock, some amendments were made, which were approved on Monday by the Subordinate Commission of the Stock Council.”

Mentioning the fact that the Bylaw shall be examined in the next meeting of the Supreme Stock Council, the President of the Stock Organization emphasized that the Future Transactions of the 10-Ounce Gold Bullions were designed as the future agreements and their transactions shall be started very soon.   In view of the fact that these transactions are deemed as a financial tool and their unofficial transactions are currently made in the Country, if approved, a promotion in the size of the commodity market transactions shall be witnessed.” 

Regarding one of the issues, which shall further promote the Commodity Stock Market, he explained that: “In view of one of the Articles of the Productivity Law in the Agricultural Sector, the guaranteed purchase of the agricultural products is carried out through the Stock Market.   Formerly, the government used to purchase the products under the guaranteed purchase regime with a specified price from the farmers.  In view of this Law, the guaranteed purchase shall be carried out through the Commodity Stock Market.”  

He emphasized that the government guarantees the purchase and price of these commodities and instead of purchasing and warehousing of the products, resulting in a varieties of expenses and problem for the government, these transactions shall be carried out in the Stock Market.    Consequently, the government announces the guaranteed price and the producers supply their products following the receiving of the Transactional Code.  

Iran Ranking First in the Region within the Next Five Years

Regarding the position of the Iranian Sock Market in the international arena, Mr. Salehabadi stated that: “In view of the 20-year Outlook of the Iranian Stock Market and in view of the emphasis of the Supreme Leader, Iran is targeted to stand in the first rank among the countries of the region.   Currently, for the purposes of the industrial varieties and the turnover, the Iranian Stock Market ranks first.  However, in order to be the first in all areas and in the area of the market value, we should have several planning.   It is predicted that before the end of the Outlook Plan and within the next 4-5 years, we will meet this objective.