Tehran, Jan. 09 (SENA) – Chairman of the Securities and Exchange Organization Dr.Shapour Mohammadi earlier this week paid a surprise visit to the Glass Hall or the Tehran Stock Exchange to talk with the dealers in person.
Dr.Mohammadi discussed the concerns the dealers have about various issues, including the Akhza symbol which has absorbed much liquidity in the market. Among other issues raised in the discussions were the rising block trades, the initial public offerings, the fall in liquidity, and a hiatus in deals of banking stocks.
A group of SEO executives were also accompanying the chairman during his visit. The recent fluctuations in the equity markets have made investors concerned about the future of the stock market.
Dr.Mohammadi blamed the huge data, which has been communicated between the Central Bank and other banks, for the recent hiatus in banking stocks deals, vowing that his team will help improve transparency in the banking group at the TSE in a bid to give a boost to the banking stocks deals.
Responding to a question on the rise of block trades, the chairman warned that whoever involved in the process “must be fired.” He said he is seriously against the block trade.
A block trade involves a significantly large number of equities or bonds being traded at an arranged price between two parties, sometimes outside of the open markets, to lessen the impact on the security price.