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  • 10-01-21

    Iran’s National Development Fund to add USD595M into country’s stock market

    (MENAFN)According to the Chairman of NDF’s Executive Board Morteza Shahidzadeh, Iran’s National Development Fund (NDF) will add 25 trillion rials (about USD595.2 million) into the country’s stock market by the end of this year in the Iranian calendar, as the second support package for this market in this year.

    IRIB quoted Shahidzadeh as saying that “We anticipate that in the second phase, 2,500 billion tomans (25 trillion rials) will be provided to the Capital Market Stabilization Fund by the end of the year, supplied from the return of the facilities provided [by NDF] to other projects (in previous years).”

    NDF had paid 10 trillion rials (about USD238 million) to Capital Market Stabilization Fund as its first support package for the capital market in this year, he further declared.

    He added that “Supporting the capital market must be provided over time and gradually.”

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