Iran Gov't Throws a Lifeline to the Limping Stock Market

EghtesadOnline: Iran Gov't Throws a Lifeline to the Limping Stock MarketA comprehensive package designed to support the stuttering stock market came into effect on Saturday.

News ID: ۷۵۱۹۴۹

30 October 2022

Henceforth the portfolio of private persons, worth up to a billion rials (around $3,000) for each person (this would be valid for almost 96% of private codes active in the bourse) will be insured through the issuance of put options for investors. The put options will mature in one year and the buy price is 20% higher than the portfolio value of Oct. 26, 2022, IBENA reported.

Share market officials earlier announced plans to offer put options for stocks of 15 large cap companies to support shareholders and reassure them that the stocks are safe.