NDFI Injects More Money to Help Lift Share Market

The National Development Fund of Iran, the sovereign wealth fund, will deposit an extra 5 trillion rials ($15.7 million) with the Capital Market Stabilization of Fund (CMSF) to help lift the struggling stock market.  
“Following talks with NDFI officials, the money is to be paid on Sunday,” IBENA quoted Amir Mahdi Saba’ie, managing director of the stabilization fund, as saying. 
Based on an agreement with the NDFI, Saba’ie said 70 trillion rials ($225 million) is to be injected into the bourse via the CMSF.