The Tehran stock exchange is the largest stock exchange company of the country established in April 1967.A total of 324 companies it has a capitalization of US$ 42.
The organization comprises of two major departments of the Securities and Exchange council, secondly the Securities and Exchange Organization. The trading takes place through The Automated Trade Execution system which is then integrated with a clearing, settlement, depository and registry system. The Trading system also displays the currencies of historical value. The law governing the security market in the Islamic Republic of Iran ratified by the Islamic Consultative.
The current managing Director of Tehran Stock Exchange Co operation, Dr. Ali Rahmani has laid down the following goals to be achieved shortly:
- Relocating the exchange to a new building
- New Trading software will be purchased from AEMS at the end of 2007 and installed
- Providing shorter settlement cycles and book entry settlement systems to cater to the current international standards of securities market.
- Facilitating the privatization plan through transferring shares of public enterprises to the private sector.
- Educating the public about widespread investment.
- Providing diverse securities of high qualities to raise funds.
- Establishing OTC market.
The
Taxation and Regulations affecting the foreign investors are:
- No tax is levied on capital gains.
- Foreign Investors may own a maximum of 10% of the listed Companies.
- Foreign Investors cannot withdraw their main capital and capital gain for the first 3 years of their investment.
With its stunning performance since 5 years Tehran Stock exchange has accumulated fascinating global financial analysts. Overlapping the other major exchanges of New York, London, Paris, Frankfurt etc Tehran Stock Exchange went up to nearly 80%.The objectives set for this year may bring Tehran Stock exchange to an incomparable height.
