Controlled reopening ends Iran’s lengthy stock market shutdown

Key points

• Stocks in companies hard hit by US and Israeli strikes, such as energy and steel firms, don’t take part in initial sessions.
• Tehran, Iran – A near-three-month closure of Iran’s stock market has ended with two days of a controlled reopening among some restrictions for investors.
• Although Tuesday’s and Wednesday’s sessions of the Tehran Stock Exchange allowed investors to generate some liquidity, underlying economic troubles were also evident.
• A little more than a third of the market’s main players were absent, reportedly to protect shareholders from the effects of the United States-Israel war.
• A total of 42 ticker symbols for companies representing about 36 percent of the market were offline, Securities and Exchange Organization deputy supervisor Hamid Yari told state media, adding that trading windows were extended by one hour on both days to facilitate the reopening.