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FinancialNews


  • 20-12-22

    Expert estimates Iran’s share market to start rising

    (MENAFN) Stock market expert, Hossein Ahmadi, have faith in that since the costs at the share market have not surged along with the inflation, the market estimated to begin an upward trend in the upcoming future.

    Bearing in mind the surge in foreign currency levels and inflation, the share market index can surge to draw near, Ahmadi informed IRNA on Monday.

    He referred the latest fluctuations of the share market and stated that "In the past few weeks, we have seen some support from the government to improve the capital market and reduce the fluctuations of this market, which have been able to be effective in changing the direction of the stock market index to some extent."

    Talking about the optimistic features of the administration’s aid package for the share market, Ahmadi announced that “Insuring the shares of real persons, supporting the market stabilization fund, and the establishment of the capital guarantee fund were among the measures that showed the Stock Exchange Organization (SEO) has not left the shareholders alone.”

    “Over the past few weeks, we have seen the positive effect of the Stock Exchange Organization's measures, and in the last two weeks, we have experienced a good situation in the market compared to the last few months, but we cannot say that the market transactions have been entirely positive during this period,” he added.

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