Does the government support the stock market? / Sale of securities to compensate for the budget deficit

According to Tejaratnews, the capital market has had a negative trend in recent weeks due to the negative economic and political news related to the dollar exchange rate and the Barjam negotiations, and most of the days, most of the stock exchange groups have been accompanied by price declines. But which factors are influential in the capital market trend?

Mohammad Aram Bonyar, a capital market expert, says that in the first six months of this year, corona restrictions, damage to the economy, frequent power outages and their effects on high-consumption electrical industries, as well as changes in government, had a profound effect on the overall capital market trend.

But in the second six months of this year, with the peak of the vaccination process and the full establishment of the government and the clarification of policies, it seems that the emotional atmosphere in the stock market will decrease.

The stock market expert believes that with the increase in the price of commodities in world markets and the increase in oil prices, the movements of commodity-based symbols and refinement of the stock market will also make important changes. It also seems that the rial income of companies will increase in the second half of the year.

Aram Bonyar says that according to the published statistics, the government should sell 130,000 billion tomans of bonds this year, and about twice this amount, ie approximately 250 billion tomans, should be earned from the sale of shares.

The market expert explained: “It seems that the government will sell the securities first and foremost, and when the sale of the securities reaches its ceiling, it will sell the shares, which will probably happen in the second half of the fall.”

He added: “The previous government was not very successful in selling shares and now the new government must compensate in order to cover its budget deficit to some extent.”

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