SEO Says Anxious About Impact of Gov’t Budget on the Stock Market

April 6, 2021
government

T he managing director of Securities and Exchange Organization says provisions of the fiscal budget (March 2021-22) should be enforced with extra caution because it could have mixed effects on the stock market.

Reckoning the merits and flaws of the budget, Ali Dehqan-Dehnavi pointed to the permission given to banks and investment funds to boost investment in the share market as a positive that can potentially lift the struggling market.

Investment funds affiliated to banks are given more operative leeway in the bourse. The regulator earlier increased their investment ceiling in the share market by 500 trillion rials ($2 billion) up from the previous 300 trillion rials.

financialtribune



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