Did the prediction of the stock market/capital market make a profit this year?
According to Tejarat News, the stock exchange trading hall today witnessed a 0.8% drop in the index, and after this drop, the total index reached the range of one million and 501 thousand units.
Mohammad Khabarzad, a capital market expert, said in a conversation with Tejarat News: Considering today’s stock market transactions, the market will probably balance a little tomorrow. What is clear is that the only market in the country that has not given returns to shareholders and investors since the beginning of the year is the capital market.
He continued: If we look at the general situation of the stock market, we can see that the capital market has not had a special return for investors. In recent days, we have seen that the prices have dropped in the world markets. The reason and excuse of today’s market for the decline was the discussion of global prices and the more important issue, the JCPOA.
Referring to the JCPOA, this capital market expert said: The negotiations did not have a clear result, and maybe we can say that it had a negative result. Despite the predictions that they might reach an agreement during this period of negotiations, no result was achieved and the market in the JCPOA sector was also negative today.
The stock market was left alone!
Khabarzad explained: In general, it seems that the market has been abandoned by the trustees. Every sector that has the power to carry out an activity that is hit by the capital market. For example, at the peak of global prices, the Ministry of Security issued a strange circular on customs tariffs on the exports of companies and did not allow exports. Currently, the prices have fallen, and our market has not grown during the rise in global prices, but it will fall with it during the fall. The Central Bank and the Ministry of Economy despite the famous ten commandments that were expressed in the late 1400s. Based on the fact that the interbank interest rate is about 20% and controls the bank interest rate, we have seen that the interbank interest rate has grown for the last two months and has reached over 21%.
He said: Besides that, the country’s banks offer a 22% interest rate for large sums of money, and all these are blows on the capital market. We can say that the capital market is not important for any of these devices, and the stock market is left alone, and anyone who has the power will hit it.
In the end, Khabarzad said: We must pay attention to the fact that if this process of erosion continues. The situation is likely to get worse. The market becoming too negative at these prices will certainly have worse consequences for the economy as a whole. Our fixed income funds have at least 15% of their assets in the capital market, and with every 10% drop, one and a half percent of the profits of these funds will be easily lost, and the consequences of this will plague the government and the central bank.