Iran Boosts Stock Market Stabilization Fund to Smooth Volatility
Iranian financial institutions agreed to contribute to a stock market-stabilization fund to help avert large price swings and provide liquidity during times of stress, an exchange official said. Four banks and two insurance companies will pool funds to earmark 50 trillion rials ($2 billion) for the stock exchangeâs Capital Markets Development Fund. “The fund aims to support the market and provide stability over the long term,” Mohammad Reza Khaje-Nassiri, head of market regulation at Iran’s Securities and Exchange Organization, said in a ...
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