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Iran’s stock market shuts down, sports events canceled after president’s death

Tasnimnews , 20 May 2024 - 18:07

Reporter : Editorial of The Iran Project

he passing away of Iranian President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian in a helicopter crash has led to the closure of the stock exchange market and cancellation of the sports events across the country.

According to The Iran Project,  member of the executive council of the Securities and Exchange Organization of Iran said the stock exchange market has been shut down following the martyrdom of President Raisi and his entourage.

Minister of Youth Affairs and Sports Kiomars Hashemi has also ordered the cancellation of all sports games and competitions in the current week.

A helicopter carrying President Raisi and his entourage crashed on Sunday when they were returning from Khoda Afarin region in Iran’s northwestern province of East Azarbaijan after inaugurating a dam at the common border with the Republic of Azerbaijan.

The crash killed the president, Foreign Minister Amirabdollahian, Friday prayers leader of Tabriz Ayatollah Mohammad Ali Al-e-Hashem, Governor of East Azarbaijan Malek Rahmati, and members of the president’s security team and the crew.

A large-scale search and rescue operation to locate the doomed aircraft was launched on Sunday evening.

The wreckage of the helicopter was found on Monday morning in a remote mountainous area in the Arasbaran forests.

Story Code: 421911

News Link :

The Iran Project