IRAN REOPENS STOCK MARKET – It opens after 80-day suspension since war erupts
Iran’s stock market and related financial instruments resumed trading on Tuesday local time after being shuttered for nearly three months, the country’s Securities and Exchange Organization announced.
Iran’s securities exchange market has been temporarily closed since February 28, when the U.S.-Israeli war against the country erupted. After an 80-day suspension, the stock market and associated financial instruments trading markets reopened.
Hojatollah Saydi, chair of the Securities and Exchange Organization, said more than 500 companies that were able to submit financial reports were cleared to begin trading on the first day, though the shares of some firms hit by the conflict remain suspended.
More than 40 companies, primarily in the chemical and base metal sectors, have yet to resume trading because of war-related damages.
