Reviving Bourse Demands a Holistic Economic Approach

The Securities and Exchange Organization (SEO) cannot alone reverse the extended frustration that has cast a shadow over the capital market while other sectors of the economy make it ever harder for the stock exchange to function normally, head of the board of directors of Alborz Asset Management Company said.
Pointing to the recent support package to the stock market, Azim Sabet, told the news agency SENA that reviving the bourse demands, among other things, that the government’s Economy Council come up with a concrete and holistic approach to all sectors of the economy.
“Though the package which came into effect on Saturday is well-intended and should have a positive impact on the market, it is more like a tranquilizer,” Sabet said.
A comprehensive package designed to support the stuttering stock market came into effect on Saturday.