Iran stock market halts activities after President Raisi’s death in helicopter crash

The Iran Securities and Exchange Organization (SEO) has suspended all activities in the Tehran Securities Exchange, over-the-counter, and commodity-based transactions on Monday, following the death of President Ebrahim Raisi and his accompanying team in a helicopter crash on Sunday.

According to Iranian news agency IRNA, the SEO announced the halt in transactions, but physical market activities at mercantile exchanges will continue as normal. Further announcements regarding market activity will be made in the coming days.

President Raisi, Foreign Minister Hossein Amirabdollahian, and others were on board a helicopter when it crashed in the Varzaqan region of East Azarbaijan Province on Sunday. The aircraft was en route to Tabriz City after Raisi and Azerbaijani counterpart Ilham Aliyev inaugurated the joint Qiz Qalasi Dam at the border between the two countries earlier that day.

Those who died in the crash include:

– President Ebrahim Raisi
– Foreign Minister Hossein Amir Abdollahiyan
– Ayatollah Al-Hashemi, Imam of Tabriz Mosque and representative of the Iranian supreme leader to the province
– Governor of East Azerbaijan Province Malik Rahmati.

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