Applying the discretion of the regulatory body hinders the development of the automobile industry – Tejaratnews
According to Tejarat News, the head of the Securities and Exchange Organization explained the final status of the car supply in the commodity exchange.
Majid Eshghi, head of the stock exchange organization, said regarding the loss and damage of the car lottery: On the one hand, we ask the car manufacturers to sell the car at half the full price, and at the same time, we expect a quality car from them.
He added: On the other hand, the managers of car manufacturers are appointed by the government and despite the mandatory measures in this industry, they are questioned.
Eshghi continued: “When we want to take a constructive action, a supervisory apparatus creates a disturbance in it with reasoning, and without having a legal basis, it prevents the action that hopes are tied to.” The Supreme Leader also mentioned this issue in his statements today.
It is noteworthy that the meeting that was supposed to be held today with the presence of the Minister of Economy, members of the Competition Council and the Supreme Council of the Stock Exchange was postponed to another time due to the absence of some members of the Supreme Council of the Stock Exchange.
Majid Eshghi said about the fate of the car supply in the Commodity Exchange: This matter has many details, but we are negotiating with the Competition Council so that the guidelines they are preparing are according to the goods that were entered in the past years. Products such as petrochemicals, steel products, base oil, etc.
He continued: Of course, the Competition Council has not yet entered into the details and approved the generalities, but this issue will take time. We hope that the industry will not be harmed with the harmony that will be created and will be able to sell its products at market prices.
The head of the stock exchange organization answered the question whether the supply of cars will be stopped until the final decision is made: We are trying to consider the concerns of friends, but it will not take long to conclude the issue. We are trying not to violate the regulations of the competition council and the supplies will start. It cannot be said for sure that the supplies will stop, the supplies will continue; We are negotiating about one or two cars that friends have an opinion on.
Eshghi stated that there is a serious difference of opinion in the National Competition Council regarding the supply of cars in the commodity exchange and said: the opinions should be summed up.
Investigating the status of the dollar price on the stock market index
He also explained why the increase in the price of the dollar did not affect the stock market index: the dollar that companies use to sell products has an impact on profitability. Of course, other factors also affect the market trend.
The sales of companies have increased in dollars, but the costs have also increased. Besides, only one variable does not affect the index.
The impact of increased costs on industries
The head of the Securities and Exchange Organization said about the forecast of the increase in the cost of industries in the budget bill and its impact on the capital market: “Definitely, when the increase in costs is high, the market will have an effect.” We had some points that we are discussing with the parliament. Nearly 40 proposals from the stock exchange organization have been registered in the parliament system, and we hope that the situation will change in favor of the existing industries.
Eshghi further stated about the latest status of the equity shareholders: They have not given us the final list yet. Meetings are being held.
He also said about the supply of foreign cars in the commodity exchange: There are certain risks for these cars, including that they will not be delivered on time. We negotiate with the importers to manage the risk in a way. If a model is developed that eliminates the risk, we will provide it.
Source: ISNA