New decisions to eliminate car pricing
According to Tejarat News, Majid Eshghi, the head of the Stock Exchange and Securities Organization, said: “Every year, during the submission of the budget to the parliament, there are speculations about the budget figures, but these figures are not definite and certainly have an unrealistic negative effect on the market as a whole.” Will have.
The head of the Stock Exchange and Securities Organization added: “The budget is being reviewed by the government, and after the government, it has entered the specialized commissions of the Islamic Consultative Assembly, where it will be further examined. No final decision has been made on budget figures, but we have consulted with the government.” And the government is determined, given the stock market of 60 million shareholders, that its decisions must be in favor of the shareholders.
Referring to the recent events caused by car order pricing, the head of the stock exchange organization said: “Order pricing has been eliminated in many industries and we are only involved in this issue in a few industries, but good decisions have been made in the government and hopefully it will be implemented in the next few days.” شد.
Regarding the car, he said: “Obviously, there was a discrepancy in the way it was implemented. The problem has now been solved and the way it is implemented is such that eventually both consumers and shareholders will benefit, and manufacturers can breathe a sigh of relief.” Increasing production will lead to decisions that will benefit the market.
Regarding the petrochemical feed rate, the head of the Stock Exchange and Securities Organization said: “In this regard, there has been a specific formula for determining feed rates in the past few years, and this formula changes with increasing global prices and changes in domestic prices.”
Eshghi added: “Since the beginning of the year, the price of petrochemical feed has increased naturally, but in the end, their products also had a price increase, which ultimately did not harm the profitability of companies, so no new decision will be made in determining the feed rate of petrochemicals.” Petrochemical and steel fuels There are speculations that, since the budget tables have not been published yet, we are pursuing that these decisions will not harm the profitability of companies and we believe that as companies’ sales increase, so will the cost price. We will not even have next year.
Continued profitability of listed companies until the end of the year
The head of the Stock Exchange and Securities Organization said: “I can say with confidence that the profitability trend of the companies covered by the stock exchange will continue until the end of the year, and according to the recent approach and decisions of the government, this trend will continue next year.”
Majid Eshghi added: The eight-month report of listed companies has now been published on Kedal website, according to which, all companies are in a very good condition and even many companies have sold 100% more than the same period last year and have good profitability and a ratio of /P / The market is very small and the numbers are very attractive to buy.
He added: “The factor that caused the market to face a shortage of buyers is the ambiguity that arises, but we assure shareholders that the profitability of companies will continue until the end of the year and according to the recent approach and decisions of the government, this profitability trend until the end of the year.” The future will continue.
“The shareholder has a right to worry because ambiguity destroys investor confidence, but the government is determined to support this market, and we have had a number of correspondences with various relevant ministries about policies that could affect the capital market,” Eshghi said. , To act in such a way that this market is not harmed and policies are transparent.
He added: “We have also had correspondence on the issue of refineries so that their bills are transparent and published in a timely manner, and we followed up on this issue with the Ministry of Industry, Mines and Trade to eliminate concerns about the companies’ profitability by the end of the year.”
He added: “In the matter of exchanging the exchange rate of foreign exchange assets of banks, one of the serious decisions of the Exchange Organization was that according to the problems that this has created in the last two years, this rate should be corrected and we have reached a common point with consultations. There are some expert points that will be resolved in the near future to correct the exchange rate, which will ultimately benefit the transparency of banks and the capital market.