When will the stock exchange reopen? – Trade News

According to Tejarat News, this morning, Thursday, October 20, 1400, Tehran Municipality sealed the Tehran Stock Exchange building in the presence of some municipal officials in Region 2. The reason for this is the debt of one thousand billion tomans of the stock exchange to the municipality.

This debt is due to the construction of a new stock exchange building in Kaj Saadatabad Square, for which the municipal expenses have not been paid. It remains to be seen, however, whether the building will reopen by Saturday and the stock market reopens.

This happened while the stock market symbol in the stock market has been suspended for a few days. On Saturday, the stock market watchdog announced that in order to check the transparency of the issuer’s information, the trading symbol will be suspended until November 30, 2014. Margins surrounding the discovery of a bitcoin miner in the Saadatabad building are said to have been the main reason for the suspension.

Before the suspension, the stock exchange symbol was last traded at 3740 Tomans in the stock market at the end of July, and after that it has been stopped due to the increase in capital and the holding of the assembly. According to the decision of the board of directors, the 250% capital increase of the stock exchange company was approved by the company’s 31st of July assembly, and now the shareholders must wait for the reopening of this symbol. The reopening of the stock exchange does not seem to be going well given the margins created around the company.

Read the most important stock market news on the Trade News page.