The chief executive of the Securities and Exchange Organization says the budget (March 2021-22) provisions should be enforced with particular caution as it could have mixed effects on the stock market.
Ali Dehqan-Dehnavi anticipated the merits and shortcomings of the budget, citing the permission given to banks and mutual funds to stimulate investment in the stock market as positive, which could potentially boost the troubled market.
Mutual funds affiliated with banks are given more operational leeway on the stock exchange. Previously, the regulator had raised its investment cap in the stock market by 500 trillion rials ($ 2 billion) from the previous 300 trillion rials.
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