The Securities and Exchange Organization plans to change the daily price spread from the current ±5% asymmetrically as of Feb. 13, according to SEO's managing director.
Mohammad Ali Dehqan-Dehnavi made the statement late Saturday, citing decisions made by the High Council of Securities and Exchange, the top stock market policymaker.
As per the decision, share prices will spread from -2% to +6% per day, according to Securities and Exchange News Agency.
February 08, 2021 14:27
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SEO to Change Daily Price Spread for Supporting Retail Investors
The new measure is aimed at avoiding the further depreciation of share prices and supporting millions of retail investors burdened by losses
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