VOL. XLVI

No 32

11-August-2003

IRAN

CAPITAL MARKETS

TSE Moves To Cap Surge In Share Prices

The Tehran Stock Exchange (TSE) has taken some measures to try to arrest the sharp rally in share prices in the past few years, amid concerns that the exchange could head for a crash. The TSE Secretary General Hossein Abdo Tabrizi on 4 August issued a statement to brokers forbidding share price increases for a two-week period. The statement said that individual shares would not be allowed to rise above their...