Bid-Ask Spread Is Set for 10% Adjustment

Price spread at Tehran’s stock market will be adjusted ±10% starting from the next fiscal year on March 21, said the vice-chairman of board of directors of the Securities and Exchange Organization (SEO). 
Mohsen Khodabakhsh told IRNA the increase will be on a “phased basis” until it reaches 10% before March 2023. 
“The plan is to add 1 percentage point in each phase of the bid-ask spread,” he said, denying the possibility of tweaking the daily price range in the remaining few days before the Iranian year ends.