IFB Chief Favors Eliminating Daily Price Limits in the Stock Market

The managing director of Iran Fara Bourse, the junior equity market in Tehran, says removing limits on daily share prices would be a boon for bourse.
Amir Hamouni told IRNA said eliminating the daily price spread will indeed be a positive move in restoring discipline to trade in the share market. 
"Technically speaking, I defend removing limits on daily share prices. However, this must be subject to appropriate conditions and after investors are given enough time to analyze the shares," Hamouni said. 
He welcomed the decision in mid-March by the High Council of Securities and Exchange, the top stock market policymaker, which agreed in principle to raise the daily price limits.