The board of directors of the Securities and Exchange Organization has decided to expand limit up and down of daily prices in the stock market by 1 percentage point.
Share prices can now range from minimum -7% to maximum +7% in one trading session, Securities and Exchange News Agency (SENA) reported.
The move was in line with the decision to improve liquidity of the stock market. The SEO earlier said that price spread at the Tehran Stock Exchange and the junior equities exchange Iran Fara Bourse market will increase up to ±10% by end of the current fiscal year in March 2023.
August 27, 2022 01:45
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Stock Market Daily Price Spread Expands to ±7
The decision to raise price spread to help lift the flagging bourse was first put into effect in April when the SEO decided to increase the daily price range by 1 percentage point to ±6
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