Before the Supreme Council of Economic Coordination convenes, a group of 100 stock market experts and managers of listed companies in a letter recommended ways to help lift the sagging bourse.
Comprising heads of the three branches of power, the council is to convene Monday with the bad health of the share market on the agenda.
Recommendations include ways to procure and direct financial resources into the bourse, reform rules and avoid unwanted and unhelpful intervention in the market, Fars News Agency reported.
Market experts have asked the government and its Securities and Exchange Organization, the stock market regulator, to deposit earnings from tax on stock trade with the Capital Market Stabilization Fund. The funds could be invested in stocks on behalf of the government.
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