Business And Markets

Investment Funds Given Leeway in Stock Market

Investment Funds Given Leeway in Stock MarketInvestment Funds Given Leeway in Stock Market

The Central Bank of Iran has agreed to increase the investment ceiling for bank-affiliated investment companies in the share market, a move seen as another push to lift the sagging stock market. 
CBI governor Abdolnaser Hemmati said this in a note on his social media account on Tuesday following a meeting with members of the High Council of Securities and Exchange, the top decision-making body of the bourse. 
As per the council’s decision, the ceiling for investment companies in the stock market has been raised by 300 trillion rials ($1.5 billion) to reach 500 trillion rials ($1.9b). 


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