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Codal info, the best indicator for measuring real performance of economy

Tuesday, Sep 17, 2019

Shapour Mohammadi, head of the Stock Exchange Organization and Ali Agha Mohammadi, a member of the Expediency Council, met with the companies senior executives of the stock exchange and OTC.

(SHADA: TEHRAN) -- The development of the capital market and the improvement of the stock trading are always supported by the supervisory body, and today the stock exchange plays an important role in the national economy, Shapour Mohammadi said.

Stating that companies in the capital market are among the largest and most important economic complexes in the country, he said: The information published in Codal is the best indicator for measuring the real performance of the economy.

The most transparent product and service companies are on our stock market, and we can say that our capital market is the most transparent institution of the economy, the head of the Stock Exchange Organization continued.

I hope that with the cooperation of the capital market, people will see greater transparency in the capital market, Mohammadi added.

During the meeting, Ali Agha Mohammadi, a member of the Expediency Council, pointed to the Supreme Leader's remarks and his emphasis on supporting national production, said: Today, conditions are set for economic uprising and most of our industries have proven resilient to sanctions and pressure.

He pointed out that the maximum presence of companies and firms in the stock market is the key to solving the economic problems of the country, and added: Transparency is the most important achievement of the capital market and I hope that all institutions as well as stock companies will work together to pave the way for other companies to enter the capital market.

One of the issues in today's economy is solving the problem of the production chain, and completing this process and reforming it is the mission of the manufacturing and service companies. Completing the production chain is a must for our national economy and is definitely one of the ways to control and manage economic crises. We need to identify the productive gaps as soon as possible and fix the defects, he continued.

Ali Agha Mohammadi further said that prospective studies and knowledge-based companies are two of the most important pillars of productivity growth, and added: Today is the time to cooperate and the country's production problems will be resolved with transparency and empathy.


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