Iran Stock Market: SEO Increases Limit Down Price

The Securities and Exchange Organization will enhance the restrict down worth within the share market from April 21, the SEO head stated. 
Following a call by the SEO board of administrators, share costs will unfold from -3% to +6% a day as of Wednesday, Mohammad Ali Dehqan-Dehnavi was quoted as saying by Securities and Exchange News Agency.
The every day worth unfold was ±5% throughout one buying and selling session for years earlier than the inventory market regulator determined to extend the restrict up worth on Feb. 13 and reduce the restrict down. 
The regulator stated that it might briefly change the worth unfold to -2% and +6% — a transfer ostensibly aimed to keep away from additional decline in share costs.
In the earlier worth restrict, set in favor of the market’s optimistic facet, the primary index of Tehran Stock Exchange, TEDPIX, was spared additional collapse as share costs might fall most 2% per day. However, in actuality it did nothing to assist tens of millions of traders who took an unusually huge hit after the share market bubble burst final summer time.
Observers say limiting the every day worth decline has undermined the liquidity of shares and solely extended the correction part as mirrored in low commerce worth and the sample of downturns. 
Dehqan-Dehnavi stated the brand new worth unfold can be in power till the top of the calendar month on May 21. The resolution can be in step with coverage set by the High Council of Securities and Exchange in final month. 
The council authorized the final insurance policies concerning change within the every day worth unfold based mostly on which every day worth fluctuation restrict is meant to extend “steadily and when the market is ready and traders are totally knowledgeable”.
The bourse council didn’t specify the quantity inventory costs might fluctuate in a single buying and selling session and assigned the job to the SEO. 

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