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Code: 50346 Visited: 147 Publish Date: Jul 11 2018 - 12:37
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Capital Market
League of Stars with opportunities
Tehran, Jul. 11 (SENA) - The second edition of League of Capital Market Stars started on 7 July by Securities and Exchange Organization of Iran. A two-month rivalry among six-member teams of different universities from across Iran, where higher portfolio value means a higher place in the competition. This year, 30 teams have participated.

Tehran, Jul. 11 (SENA) - The second edition of League of Capital Market Stars started on 7 July by Securities and Exchange Organization of Iran. A two-month rivalry among six-member teams of different universities from across Iran, where higher portfolio value means a higher place in the competition. This year, 30 teams have participated. The teams are given initial credit worth 50 million rials to build and grow their portfolios.

The officials believe the event will elevate financial literacy and promote capital markets in the society. “The event will help universities to familiarize with stock markets,” Said Vali Nadiqomi, Chief Executive of Novin Investment Bank, one of the two main sponsors of the program. The event has attracted and involved students, professors, families and even officials from different cities to remind the society of the crucial role of financial markets in the domestic economy.

Nadiqomi mentioned that the event will teach students how to take small resources and grow them. In a transparent environment, these funds help companies to expand. They learn practically about investments, regulations, mechanisms and strategies of financial markets.

The participants are not limited to specific majors and only have to be led by a member who is supposed to have finance-related background or degree, so this round even medical students have participated. The teams are also guided by their university instructors. The authorities have reported that last year 15 of the participants were recruited by financial institutions soon after the event.

The CEO concluded that apart from the unparalleled opportunity for the students, the event is a reminder for officials, market participants and financial institutions of their responsibilities and a platform to groom and benefit from these young minds.

 

 
By: Security and Exchange News Agency (SENA)
 
 
 
 
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