Factors that make the stock market positive
According to Tejarat News, Amir Taghi Khan Tajrishi, Chairman of the Board of Directors of Tehran Stock Exchange, pointed to the factors influencing the fluctuation and downward trend in stock market transactions and added: ” This was due to a number of reasons, such as rising interest rates, exchange rate fluctuations, the effects of regulatory pricing, and rising costs on listed companies, which led to fluctuations in market transactions.
He said: “Although some of these reasons can create doubts for investors in the entry of liquidity into the market, but none can be considered the main factor in the market downturn and the stock market index is on a downward trajectory.
Tajrishi continued: “Against the skeptical reasons for investors to enter the market and create a downward trend in the stock market index, there were many positive points in the market, which unfortunately did not receive much attention and provide the basis for the upward trend of the stock market index through such positive factors.” Failed.
The Chairman of the Board of Directors of Tehran Stock Exchange Company emphasized: Increasing the exchange rate by half and reducing the distance from the free market rate, hoping for Borjami openings, reducing the pressure of issuing bonds and reducing the side costs of companies regarding discounts, transportation and money transfer costs They are among the positive factors that could have led to good days in stock market transactions and to some extent reduce the losses of shareholders in the market.
He believes that the rise in world commodity prices, especially oil and its derivatives, the sluggishness of parallel markets and, most importantly, the positive 6-month reports of many companies can not be ineffective in entering the upward trend in stock trading.
Tajrishi pointed out that due to the increase in liquidity and inflation in the country, it seems that the market is in valuable points and the market spring is being compressed, he said: “Considering such a situation, it seems that the market trend is moving in one go.” Positively easily return to its upward path and compensate the losses of shareholders in this market.
The capital market expert said: “What can be addressed in the meantime as a factor of market sluggishness is the issue of market confidence. The latter confirms this.
According to him, the existence of such an atmosphere has now made buyers and sellers reluctant to reinvest in the stock market and enter their liquidity in this market.
Tajrishi pointed out that the return of shareholders’ confidence to invest in the stock market is considered an important and significant issue of current market participants, said: Gained a long period of time.
The Chairman of the Board of Directors of Tehran Stock Exchange stated: “Although we believe that the growth of any economic sector should not be accompanied by recession in other sectors, but this is the capital market in which more than 50 million Iranians participate and its prosperity will serve the public interest.” The return of this trust is not the only duty of the government and part of it is the responsibility of market participants.
He said that the return of prosperity to the capital market depends on the return of trust in this market for investment, adding: “This trust is also achieved by debugging some issues.”
Tajrishi emphasized that fortunately, the recent remarks of the Governor of the Central Bank, who was himself a resident of the capital market, removed ambiguities such as fluctuations in the foreign exchange market, increasing interest rates and bonds in the country’s economy, adding: “This issue is welcomed by market participants.” Was placed, because the basis of activity with the central bank is interaction with the capital market.
The Chairman of the Board of Directors of Tehran Stock Exchange said: “Other points that market participants expect to clarify the situation around it can be the elimination of 4200 Tomans, elimination of mandatory pricing of goods, income or tax exemptions, government duties and salaries and budget deficit financing methods.” He pointed out that it is better to make the necessary decisions for these cases as soon as possible and see its positive effects on the consulting economy, including in the field of capital markets.
He said: “We believe that the decision in these cases is a little time consuming and difficult, but we are sure that with the clarification of these issues, the shadow of distrust will be removed from the market, and now the market with a flood of good reports and high potential to attract capital in the primary market.” And the secondary facing will return to the boom circuit.
Source: IRNA
Read the latest stock market news on the Trade News website.