SEO Opposes Higher Export Tariffs

The managing director of the Securities and Exchange Organization (SEO) Majid Eshqi says new export tariffs announced by the Industry Ministry could harm the financial standing of listed companies. 
Eshqi communicated his concern in a letter to Industry Minister Reza Fatemi-Amin urging him to reconsider to minimize its detrimental impact on shareholders, the Securities and Exchange News Agency reported. 
“Given that most listed companies are subject to the new export duties, it is obvious that it would have a significant negative impact on stock market trade in the short and mid-term,” Eshqi warned in the letter published by SENA.