IFP Exclusive

People Contributing to Economy by Trading Shares: Iran President

The Iranian president says the Tehran Stock Exchange has increased people’s contribution to the country's economy.

President Hassan Rouhani on Tuesday called on the High Stock Exchange Council as well as the Securities and Exchange Organization to offer the necessary support to “make this secure atmosphere all the more promising for people and make this market move full steam ahead.”

“Freeing up Justice Shares was a major move made on the back of years of effort by the government,” said the president in a Cabinet meeting held to coordinate economic activities.

Justice shares where bonds that government offered to people years ago, but remained under the government control. Recently, people were authorized to take control of their shares and trade them on the stock exchange.

“Now, people own shares whose ownership was not transparent before, and which people would not be able to trade,” he added.

He said the stock exchange is flourishing with people’s well-managed contribution at a time when the nation is gripped by the coronavirus.

The president urged the High Stock Exchange Council as well as the Ministry of Finance and Economic Affairs to give fresh impetus to trade in real estate shares and bonds.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Advisor to Iran leader: Tehran ready for talks, but won’t give in to pressure over nuclear issue

Kamal Kharrazi, the head of Iran's Strategic Council on Foreign Relations and an advisor to…

8 hours ago

President Pezeshkian says Tehran committed to complete North-South transit corridor

Iran's President Massoud Pezeshkian has reaffirmed the Iranian government's commitment to completing the North-South transit…

8 hours ago

Art event brings diplomats, artists and ordinary citizens together inside Iranian Foreign Ministry

An artistic event titled Autumn-Leaf was held in Meydan Mashgh, within Iran’s Foreign Ministry’s premises…

11 hours ago

North Korea preparing to ship more forces, drones to Russia: S. Korea

North Korea is preparing to deploy additional troops, weapons and other military equipment, including drones,…

11 hours ago

Iran, E3 set to resume talks in January: Spokesman

Foreign Ministry spokesman Esmaeil Baqaei has stated that a fresh round of talks between Iran…

12 hours ago

Legendary Iranian actress, voice performer Zhaleh Olov passes away

Zhaleh Olov, a celebrated actress of Iranian cinema, theater, television, and a renowned radio voice…

13 hours ago