TEHRAN - Head of Iran’s Securities and Exchange Organization (SEO) Majid Eshqi has said the Capital Market Development and Stabilization Fund is continuously supporting the stock market and the market will be stabilized in the near future.

Speaking in a press conference on Sunday, Eshqi noted that the tensions created in the region have been the main reason for the fall of the Tehran Stock Exchange index, saying: “In the current situation, there is no need to close the market.”

According to the official, such fluctuations in the market are passing and the shareholders should not be worried in this regard.

He further noted that one of the main goals of establishing the Capital Market Development and Stabilization Fund is to protect investors in such situations by ensuring long-term benefits, in addition to facilitating financing, capital formation, and risk management.

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Photo: SEO Head Majid Eshqi (c)