Investment Funds Given Leeway in Stock Market

The Central Bank of Iran has agreed to increase the investment ceiling for bank-affiliated investment companies in the share market, a move seen as another push to lift the sagging stock market. 
CBI governor Abdolnaser Hemmati said this in a note on his social media account on Tuesday following a meeting with members of the High Council of Securities and Exchange, the top decision-making body of the bourse. 
As per the council’s decision, the ceiling for investment companies in the stock market has been raised by 300 trillion rials ($1.5 billion) to reach 500 trillion rials ($1.9b).