SEO Moves to Lift Market

The Securities and Exchange Organization of Iran, the regulatory body of the capital market, on Saturday announced new measures to help prop up the stock market following successive declines in the main indexes last week. 
According to SENA, the SEO-affiliated news agency, the organizations board of director approved injecting 5 trillion rials ($9.6 million) to the Capital Market Stabilization Fund. 
The CMSF was created in 2017 to help address the credit crunch in the bourse. It has a mandate to support the long-struggling market and safeguard the interest of investors.