Returning prices to the beginning of 1998 / When will the selling pressure end?

According to Tejarat News, the total stock index lost 1.3 million units in the last trading week and decreased by 4.1% compared to the previous week.

While events such as the submission of the 1401 budget bill to parliament this week, the continuation of ambiguities in the Barjam negotiations, the reopening of the leaders of the automobile group, and… fell, the selling pressure in the market remains.

Mohammad Kheiri, a stock market expert at Tejarat News, said the market was completely hopeless, critical and beyond analysts’ imagination. Last week, we presented the 1401 budget to the parliament, which, due to its contraction, showed that the government’s hand remains in the shareholders’ pockets.

He continued: “Right or wrong interpretations of the budget have had a negative impact on the stock market.” The formula for pricing gas feed, increasing industrial gas fuel rates, property interest, government duties, taxes, bond issuance, etc. shows that the government seeks to raise more money from society.

Kheiri stated: The stock market has no place at all in the decision-making of the officials. There seems to be no priority for the capital market. This causes dissatisfaction among shareholders.

He emphasized: “As we have seen, the issue of impeachment of the Minister of Economy was raised this week by the people of the capital market.” Now prices are back to the beginning of 1998 and many were affected and we had a heavy outflow of liquidity from the market.

“Some gentlemen thought the stock market was the cause of inflation,” he said. With this view, the market situation today has reached here and is post-crisis.

How does the stock market improve?

“The conditions of the companies, the prices and the sales situation are appropriate,” he said. The half dollar will eventually reach 28,000 tomans and all these are positive signals, but in this situation, the stock market does not react positively to this news.

Kheiri stated: “Contrary to all the responsibilities of the officials, the capital market will improve its situation from within.” Recent downfalls are beyond values, and sales are emotional.

Referring to the issue of Borjam, he said: “In such circumstances, the stock exchange needs to reach agreements.” But still, a good result from Borjam is not communicated to the market. If no agreement is reached, current inflation will be a dream in the future.

“The capital market is more valuable and bubble-free than other markets,” he said. Sales pressure will remain until the end of next week. The situation is stagnant and the lack of necessary support has made the situation worse.

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