April 15, 2022 19:16

Stock Price Floor, Ceiling Spread Set at ±6%: SEO

SEO vice-chairman Mohsen Khodabakhsh earlier said that price spread at Tehran’s stock market will increase up to ±10% by end of the current fiscal year in March 2023

The Securities and Exchange Organization said the daily price band in the share market will increase by 1% from Monday.
The Tehran Stock Exchange and the junior equity Exchange Iran Fara Bourse announced the change in separate notices, the SEO News Agency reported.
At present, share prices can go down -5% and rise +5% in each trading session – a daily range that existed for years. With new changes becoming effective on April 18, the limit down of prices will be -6% and limit up +6%.

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Tehran Stock Exchange