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The chairman of the board of directors of Aseman Portfolio Management Company believes that the approach of the Securities and Exchange Organization is to increase the range of fluctuations, provided that emotional behaviors are controlled.

Tehran, Feb.14(SENA)-Mohammad Eqbalnia, in an interview with the  Securities and Exchange News Agency (Sena), referring to the new resolution of the Supreme Stock Market Council on the implementation of the asymmetric fluctuation range, said: They can no longer sell their shares in the hope of further falling prices to buy again at lower prices, as such an alternative is no longer possible and they may have to buy the same share even at a higher 6%.

He added: "Since the market was eroded, it needed a shock to revive, which can be considered a necessary shock to the market." Of course, this tool is temporary, but if the economic news, the comments of the officials, the fluctuations of the foreign exchange market, etc. do not send alarming signals to the market, the market is in the right place in terms of fundamental conditions and can enter an upward phase.

The capital market analyst said: "Such tools help the market in a short period of time to support balancing." On the other hand, according to the managers of the Securities  and Exchange Organization, the asymmetric domain will be revised after a while and may not be a means of survival in the market.

The chairman of the board of directors of Aseman Portfolio Management Company continued: the appropriate approach in the long run is to increase the range of fluctuations, preferably. In the current situation, it is also a pleasant decision that the market has welcomed.

He stressed: If in the coming days, legal entities do not have an unconventional supply of shares and officials in the government, parliament and the central bank act responsibly and without political intentions; The capital market is returning to normal and compensating for some of its previous decline.

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