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Iran's CB to Help Lift Stock Market

Iran's CB to Help Lift Stock MarketIran's CB to Help Lift Stock Market

Following sharp falls in the Tehran stock markets throughout last week, a senior bank official spoke about a plan to help support the market by granting loans to investors for purchasing shares.
Central Bank of Iran's deputy for supervisory affairs, Farhad Hanifi, made the statement Friday on the sidelines of a meeting of the High Council of Securities and Exchange, headed by the Minister of Economy Farhad Dejpasand. The session was held to prop up the bourse when the market reopens Saturday after the Iranian weekend. 
It has been decided to offer loans to customers for investment in the stock market, Hanifi said, adding that applicants would soon receive the financial assistance, Securities and Exchange News Agency reported.  

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