TEHRAN, Iran, June.7
Trend:
It is expected that more resources would be injected into the Capital Market Stabilization Fund, said the head of the Securities and Exchange Organization.
"We are intensely following for the injection of remaining financial resources from the Nation Development Fund to Capital Market Stabilization Fund that would possibly be paid in coming days," said Mohammad Ali Dehghan Dehnavi, Trend reports citing IRNA.
"Total of $200 million would be injected to the Capital Market Stabilization Fund in this phase, in the main decree larger figure was defined that necessary follow up would be done in case needed," he added.
The Central Bank of Iran has announced that the equivalent of $50 million in rial has been already paid from foreign currency resources in the National Development Fund to the Capital Market Stabilization Fund.
"The stock exchange situation would have many changes after the money injection to the fund. The market has been positive in recent days and the rise and fall of the market index depend on many factors," Dehnavi noted.
Capital Market Stabilization Fund's responsibility is to use the capital to stabilize the market situation.