Meeting with the parliament does not return the stock market / operating time in the stock market
According to Tejarat News, the meeting of the Capital Market Working Group of the Economic Commission was held in the parliament building on Thursday, January 20th. The meeting was held in the presence of the chairman of the parliament’s economic commission, a group of university professors and some stock market activists in order to analyze the capital market analytically and technically, as well as to review the 1401 budget bill exchange proposals.
Although this was not the first time that a meeting with stock market activists and economic officials was held, but due to the sensitivity of the meeting, the guest list created a lot of margins in cyberspace. Some uninvited stock market activists and experts criticized the presence of some people in this meeting, and in fact, the margins of the text at least surpassed in cyberspace. But what happened in the meeting of the scholarships with the chairman of the economic commission of the parliament? In the opinion of the experts present at the meeting, is there any hope of improving the situation?
Borzoo Haghshenas, stock market expert He said that the issues raised in the meeting included several issues. We said that the body of the organization has a problem, change must be made. This change is definitely beyond the change of the head of the organization, which if the problem was to be solved by changing the head of the organization, the situation would not get worse after the change of the four heads.
He continued: The next issue was marketing. I said that the marketing law has a problem and that you only expect the market maker to be liquidated, and the marketing law must be changed. The next issue was that they should be allocated to asset funds and the first market refiner. It is not true at all that these funds are now left to their own devices because they were created in the previous government. I suggested that the market stabilization fund be marketed by these funds.
The stock exchange will not return with these meetings in the short term
Haghshenas stated: “Several voices in Mr. Raisi’s economic team have damaged the market.” Contradictory arguments and overlapping decisions damage the market and especially shareholder confidence.
The need for two-way market, the removal of volatility, the need to increase trading hours and… were also among the topics discussed at the meeting. The establishment of a research institute was also suggested by Mr. Pour-Ebrahimi.
The head of the parliament’s economic commission also said that the 10-point resolution on stock exchange protection is stuck in the program and budget organization and has not yet reached the parliament. That was a good thing. Because it causes us to put pressure, but friends in the program and budget organization to announce the decision sooner.
Haghshenas stated: In the short term, neither this meeting nor other market meetings will return. The overnight market is not in a position to be overnight. But in general, it is very good for the representatives of a class to be present in the parliament and to consult and lobby for their own situation, otherwise these meetings would not have been a way forward in these two years and nothing has happened to the market.
It is time to act on the demands
Nima Mirzaei, stock market expert He also said: the meeting was held in the presence of the majority of guests and lasted about 4 hours. Almost all the experts presented their views.
He continued: “Among the most important cases are the rational reduction of interest rates without risk, the formation of a micro-shareholders’ association, the need to correct the fluctuation range, next year’s budget and follow up on the 10 paragraphs of the draft capital market law.”
Mirzaei said: “Most of these cases have been raised and heard many times before in the meetings and it seems that now is the time to prioritize and act on the principled demands of the large capital market community.”
Stock market insiders came to life
Message from Eliaskordi, stock market expert “We have seen a lot of attacks on social media since the list of guests was published,” said another guest at the meeting. When we look beyond the real stakeholder focus, we must note that wherever there is division, the voices that are to be heard diminish. In the case of the parliamentary session, unfortunately, the insiders lost their lives.
He continued: “But we all operate in the same market and everyone has the right to be heard.” Creating divisions is nothing but damaging the space. If we want something called a real shareholder association, it will not work.
“When we attack a list, we attack every single person on that list,” Eliaskordi said. We know very well that these meetings have been held a lot and the talks have been going on for two years and the infrastructure issues of the past are still present. The session of the parliament was no different from other sessions. The activists raised their objections, and if the same points raised in the meeting are implemented by the executive parliament and the officials stand their ground, it will be resolved.
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