The Tehran Stock Exchange is planning to hold a competition dubbed “League of Iran Stock Market Stars” to introduce equity trading to students of finance, economics, management and accounting, the head of public relations at Securities and Exchange Organization has announced.
Yaser Fallah added that the competition will include 25 students from the universities of Tehran, Allameh Tabataba’i, Kharazmi, Khaje Nasir Toosi, Alzahra, Amirkabir, Shahid Beheshti, Tarbiat Modares and Islamic Azad University.
The so-called “league” has been scheduled to start on July 21 and will continue for 20 days.
“Participants will be divided into five groups made up of four members and a supervisor. Each will be provided with 100 million rials ($2,666) of credit for stock portfolio formation and equity trading. The three groups achieving the highest returns will be the winner,” Fallah was quoted as saying by Bourse Press.
The three top-performing group’s rewards include 200 million rials ($5,333), 100 million rials ($2,666) and 50 million rials ($1,333) of credit for buying stocks.
Moreover, any group posting more than 40% of losses will be knocked out of the competition.
The team of judges will be composed of academics and capital market experts.
The primary goals of this program include discovering talented students, helping them enter the capital market and raising awareness about the stock market.
“This competition will take place in the real atmosphere of stock market and students will learn to trade using a credible brokerage’s platform,” Fallah said.
Amin Azarian, secretary of the competition’s executive committee, said the league will also be the site for scientific research.
“For the first time in Iran, we intend to analyze the relationship between the traders’ physical conditions and their trading practices with the help of a medical group familiar with the capital market,” Azarian said.
The competition will be broadcast live on July 21 on Instagram at Starleague.ir, which is also the competition’s web address.
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