Tehran Securities Exchange (TSE) officially resumed Equity Market’s trading activities today after an 80-day closure.
Ringing of the trading opening bell ceremony was held at Tehran Securities Exchange by Hajatollah Seydi, Chairperson of the Securities and Exchange Organization (SEO) and Mahmoud Goudarzi, CEO of Tehran Securities Exchange (TSE) on Tuesday, May 19.
In this ceremony which was held with the presence of the senior capital market officials and financial authorities, Seydi paid tribute to the memory of the recent war martyrs, and said: “Following an unavoidable suspension, we are beginning the first trading day of the securities market in new year.” He also expressed appreciation for the efforts of colleagues at Tehran Securities Exchange, Iran Fara Bourse, and the commodity exchanges, who remained active throughout the imposed war.
He added that over the course of 51 trading days, the stock market had been closed for two reasons: first, uncertainty stemming from the wartime situation, and second, the need for companies to disclose and report their financial information.
Seydi stressed that both issues had largely been resolved and that conditions were now in place for the market to reopen.
Referring to the damage sustained by some companies during the imposed war, SEO’s Chairperson explained that the shares of these companies would be also eligible for trading at an appropriate time, after sufficient financial reporting.
Seydi emphasized that more than 500 companies that had been able to provide reports, will be traded as of today.
