SEO Says Determined to Expand Price Spread in Share Market

Head of the Securities and Exchange Organization says the regulator is steadfast in wanting to expand the daily price spread in the share market.
“I have always believed that the price spread must expand. The present daily limit will certainly change,” Mohammad Ali Dehqan-Dehnavi said in talk with IRNA on Tuesday.
According to the official, the feasibility studies have been undertaken by the research arm of the SEO. “Any decision in this regard must [and will be] geared to ensuring stability in the bourse.”
What is important is “whether increasing the price limit to ± 10% or ±15% can pave the way for a balanced share market and improve efficiency?,” Dehqan-Dehnavi said.