معتمد

The Deputy Supervisor of Financial Institutions of the Securities and Exchange Organization said: "Changing the range of fluctuations and its implementation will be short-term and the implementation of this decision may take a month or until the end of this year."

Tehran, Feb.14 (SENA) - "Mohammad Reza Motamed", referring to the reasons for the implementation of the range of asymmetric fluctuations in the market from today, said: "Any infrastructure that is to be implemented in the capital market from the time of its approval for 72 years." There is a deadline.

He said: "This decision was made last Saturday in the Supreme Council of the Stock Market, which today was the first trading session to implement this decision."

According to Motamed, if it had not been closed on Wednesday, the fluctuation of the oscillation would have taken effect from Wednesday last week.

"According to the law on the capital market, we could not implement the infrastructure change that was approved on Saturday," he said.

He pointed to the duration of the change in the range of fluctuations in the market and said: the implementation of this measure will be short-term and as soon as the market situation returns to normal conditions, its implementation will be canceled.

Motamed added: "The implementation of this decision may take a month or until the end of this year, and another decision may even be made in this regard, depending on market conditions."

"Now the investor decides to trade in the market based on the existence of buying and selling queues, while this is wrong and now there are no conditions in the market on which investors want to make decisions in the market," said the deputy head of the stock Market. He said that the asymmetric volatility range creates stability and calm in the market.

Motamed pointed out: The infrastructure for implementing the range of asymmetric fluctuations in the market was provided and we implemented it to create calm in the market.

According to the report, at last week's meeting of the Supreme Council of the Stock Market, new decisions were made to improve the market situation, the most effective of which was the change in the range of fluctuations in the market trading process.

According to this decision, the range of fluctuations of stock trading was negative 2% and positive 6%, and it was announced from the beginning that the decisions of the Supreme Council of the Stock Market can be implemented after 72 hours.

At the same time, the head of the Securities and  Exchange Organization announced: Based on the decision of the Supreme Securities  and Exchange Organization Council, changes in the base volume were given to the  Securities  and Exchange Organization to make changes in accordance with market conditions. Require subordinate sale options to major issuers and shareholders.

The spokesman of the Supreme Council of the Stock Market added: "Apart from the decisions taken, the credit of buying brokerages was changed to 60%."

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