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  • 18-09-22

    Expert anticipates Iranian share market forecast to be better than other markets

    (MENAFN) Secretary head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA)’s Money and Capital Market Committee has stated that the outlook of the share market is anticipated to be additionally optimistic in comparison with other markets.

    “In the future, we will see the improvement of the trading situation and the reduction of the fluctuations in this market,” Mohsen Yeganeh informed IRNA on Saturday.

    He continued: “Considering the strong potentials in the capital market and their reliance on the economic potentials of the country, the ingredients for the growth of the stock market are available, but until the risks created in the country's economy are not resolved, we will still witness some fluctuations in the capital market.”

    In line with Yeganeh, if the threats sustained in the share market are lifted, the market is going to grow, and the instabilities in this market are going to decrease.

    Referring to the latest volatility in the share market, Mohsen Yeganeh stated that “After the abnormal rise of the stock market index in [the Iranian calendar year] 1399 (March 2020- March 2021) and the growth of stock prices during the previous government administration, we witnessed severe falls in the stock market index, which continued for a long time and caused shareholders heavy losses.”

    MENAFN18092022000045014228ID1104883090

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