Stock market at the peak of volatility / 5 What is the effective factor in stock market decline?
According to Tejarat News, the total stock index lost 1.4 million units at the beginning and end of this week. The stock market fluctuated this week between small and fragile growths and significant declines. The overall index is on a downward spiral, with experts predicting a vague future.
Ali Assari, a stock market expert, pointed out that today we were facing a relatively volatile and negative market: The stock market is affected by two levers of internal and external pressure. The market is confused and we can not be optimistic about its growth.
He continued: “Three domestic issues have already had a negative impact on the stock market.” The first issue is the increase in interbank interest rates, which continues and does not stop. The second issue is the social unrest and gatherings in Isfahan and Charmahal and Bakhtiari, which, if it continues, will naturally affect the financial markets, including the stock exchange.
Car pricing in absolute instability
Assari added: “The third internal problem that has affected the stock market is the ambiguity regarding the liberalization of car prices.” So far, frequent meetings have been held to regulate the car market, which does not follow a specific procedure and has reached absolute instability.
The expert also noted about the external factors affecting the stock exchange: Borjam negotiations are the most important external event affecting the stock exchange. Negotiations are currently at a critical stage, leaving the market in utter confusion.
He went on to say that the unrest in Turkey and the fall in the value of the lira were the second foreign factors affecting the stock market, adding: “Contrary to what some people think, this is very influential on the stock market.”
The stock market expert stated: I do not imagine a good market in the coming days. We will continue to have sales pressure. The market is at its most shaky point. The dollar is in high demand these days as a result of fears about the future. These long lines are influenced by the vague and dark future of the economy. People are trying to turn their money into fixed assets. In such a situation, I do not imagine a good market.
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