3% shareholder loss / stock market trend in the thirteenth government

According to Tejarat News, the trend of Tehran Stock Exchange in 1400 can be divided into two halves. The first six months of the year were the last six months of Hassan Rouhani’s government, and the second half of 1400 was the first six months of Ibrahim Ra’isi’s government.

The trend of the stock market index after the elections

The total index of Tehran Stock Exchange at the end of June 1400 was in the range of one million and 160 thousand units. One day after the presidential election, the overall growth index exceeded 14,000 units. This upward trend more or less continued during the transfer of power to the 13th government, so that in the period from the election to the inauguration of the President, the total index grew by more than 245,000 units, equivalent to 21 percent. The growth of the index in the transition period showed the hope of market participants for the government’s support of the stock market.

Stock market trends in the main period

Shareholders were waiting for Ibrahim Ra’isi’s promises to be fulfilled, but after the new cabinet took office, the overall trend of the index declined. In the last 7 months and in the period from August 7 to the end of March, the total stock index has fallen by more than 40,000 units, equivalent to 3%. In other words, shareholders have lost an average of 3% in this period.

In mid-August, it was in the initial range of the index in the channel of 1.4 million and ended the month of August in the channel of 1.5 million units. At the end of September, the index reached one million and 386 thousand units and ended October with a higher channel in the number of one million and 436 thousand units.

At the end of November and December, the stock index was in the 1.3 million channel and at the end of January, it fell to the range of 1.2 million units. It also ended the Bahman index in the 1.2 million channel, but at the end of March, the index stood above the half-1.3 million channel.

Withdrawal of capital from the stock market

During the transition period, when the index found an upward trend, the total liquidity flow also became positive towards the stock market. In this period, the net value of the change of legal ownership to the real stock exchange was 862 billion tomans and an average of 27 billion tomans of real money entered the market daily.

But from the beginning of the activity of Ebrahim Raisi’s government until the end of the year, a total of more than 43,000 billion tomans of real capital was taken out of the stock market, and an average of 288 billion tomans of real money was taken out daily.

Night decisions, daily retreats

In the last seven months, the government has made a lot of informed decisions and then backed down. Perhaps the most important decision goes back to the 10-point capital market protection resolution, which was approved by the government’s economic headquarters and published with extensive publicity. But in the end it was neither announced nor sent to parliament as an amendment. The work escalated to the point that the head of the parliament’s economic commission wrote a letter to the head of government asking for an amendment to be sent to parliament.

The Economic Staff convened another meeting and approved a new resolution, removing some clauses from the previous one. This resolution became known as the five-point resolution, and this time the first vice president agreed to announce it and finally it was sent to the parliament.

Source: Economy News