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  • 29-09-22

    Expert believes domestic, overseas aspects effecting Iran’s share market expansion

    (MENAFN) An Iranian capital market expert considers that several domestic as well as oversees aspects have impacted the ongoing decrease trend in the share market and that you can’t put the blam on one person or individuality for the situation.

    “The current situation in the capital market (the decline in the market index) cannot be attributed to a specific person, organization or institution; Rather, various factors have come together and created the basis for such a trend in the market,” Shahin Cheraghi informed IRNA on Wednesday.

    Highlighting that domestic and overseas aspects including surging bank interest levels, worldwide price cuts, and JCPOA discussions have had an effect on the latest market trend, he also mentioned that “It cannot be claimed that the recent drop in the stock market index was caused by the actions of the government.”

    In line with the analyst, the doubt around the JCPOA discussions course has caused to stockholders' uncertainties around injecting their funds into several markets.

    He stated that “We have had predicted the creation of such an atmosphere for the market some time ago.”

    Cheraghi emphasized that the decline in liquidity inflow as additional aspect impacting the ongoing fluctuation of the capital market and stated that “The country's economy is an interconnected complex, on one hand, the government and the central bank are worried about the liquidity growth in the country's economy, and on the other hand, they have increased interest rates which has led investors to deposit their funds in banks which is creating more liquidity.”

    He also mentioned “We have experienced such events and their impact on capital market transactions in the past; Other issues such as global prices have also affected the stock market trend so that during the last three months caused the market index to drop significantly.”

    MENAFN29092022000045014228ID1104943408

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