Iran to change stock market fluctuation range

Business Materials 27 July 2021 13:13 (UTC +04:00)
Iran to change stock market fluctuation range

TEHRAN, Iran, July 27


Iran's stock market's fluctuation range is expected to change and the stock trading would not stop on current percent, said the head of the Iran Securities and Exchange Organization.

"There should be proper planning so we do not witness the negative effect on market trading," said Mohammad Ali Dehghan Dehnavi, Trend reports citing IRNA.

"We have asked the research department of Securities and Exchange Organization to do research about changing fluctuation range and provide a complete plan to guarantee the best situation for fluctuation range that is beneficial to the market," he noted.

"In order to prevent shocks in market trading, the fluctuation range should change gradually. The necessary planning should be implemented for changes on the trading system so we can implement necessary changes in six months or one year," Dehnavi added.

The Supreme Council of the Stock Exchange has approved in the last Iranian year (started March 20, 2020) to change the fluctuation range for trading stocks believing removing the fluctuation range would create balance in market trading.