Stock market forecast today, November 25

According to Tejarat News, yesterday, on the second trading day, the stock market index was again corrected and dropped. Capital market experts say the most important reason for the recent market downturns is government interference in the pricing of various industries and the issuance of bonds. According to experts, the trend of the capital market will not change until the ambiguities and plans of the government are clarified.

“Today’s market will be better than yesterday’s,” Ali Assari, a capital market expert, told Tejarat News about tomorrow’s market forecast. One of the important reasons that has played an important role in the fall of the stock market these days has been the length of the Barjam negotiations.

Assari continued: “Another important factor that has played an important role in the decline of the market is the pricing of orders, which the government creates more ambiguities in the market every day.” In the new government, the view of grammatical pricing has not only not diminished, but has also intensified, and the stock market has had a negative impact on the stock market through this policy.

The market expert added: “The sale of government bonds has become an important principle in government policies to cover the deficit by selling bonds whenever there is a budget deficit or a problem.” Assari added: “This issue has had a direct impact on the stock market decline.”

The world of economics wrote:

Money and capital markets have suffered from a lack of coordination in recent years; To the extent that these two important economic pillars, which have a common goal, have become serious competitors of each other from the perspective of their activists. However, according to economic experts, the two markets of money and capital can increase the efficiency of the country’s economy by supporting each other. To achieve this goal, it is necessary to pay attention to points such as launching the foreign exchange trading market in the form of cash and derivatives, promoting corporate governance in banks, establishing foreign exchange etfs and the need for a common and common view in decision making.

In recent weeks, after much speculation, new heads of the Central Bank and the Securities and Exchange Commission have been elected. The appointment of Ali Salehabadi as the head of the money market, along with the election of Majid Eshghi as the helmsman of the capital market, due to the stock history of both managers, raised hopes for greater convergence between the heads of the two mentioned sectors of the country’s economy. It seems that in the event of this convergence, factors such as achieving a macro view of both markets and increasing their mutual cooperation, along with the creation of certificates of deposit and derivatives and investing in it, will be of particular importance. In addition, increasing respect for the sovereignty of banking companies and respect for the rights of their investors in order to protect public confidence in the capital market is something that should be considered and cooperated by the heads of the central bank and the stock exchange organization.

Entanglement and discord

In any human society, exchange is the foundation of human economics and economic interactions. Such a characteristic enables human beings, regardless of their level of knowledge and civilization, to pursue their desires more freely and, in accordance with their abilities, to avoid spending time in tasks that are difficult for them. In fact, it is not unreasonable to say that everything we enjoy today is in fact the product of thousands and millions of potential exchanges that have taken place in the past. It is precisely because of this importance that the struggles that have taken place in the economy are rapidly spreading among the public mind, and that is why even governments have a long-standing presence in human societies. This longevity and the continuing importance of markets among the people and their governments have led to the formation of laws and regulations and to remain stable among the people. Naturally, Iran is no exception to this practice and there is no expectation of such an exception, but a problem has arisen in recent years that has not only facilitated the bio-economy of the people, but has added to the problems on a daily basis. It seems that Iran’s economy, as a short-term economy that is not able to be on the path of long-term development due to various political and economic fluctuations, has been severely damaged by conflicts of interest or the role of institutions and their lack of coordination on government problems, especially in recent years. Has been added. One of these problems that has become very prominent in recent years is the discussion of disputes between capital market trustees and the central bank. Money and capital markets, which have gone through many ups and downs in recent years, have come to the fore over the past year and a half due to the sensitivity of the stock market to interest rates. This led to the issue of establishing a council called the Financial Stability Council, which, of course, was mostly demanded by market participants and had no outcome. Believers in the need for such an institution expected that with increasing convergence between the central bank and the bourse, the decisions made in these two institutions would be made in a way that would both serve the national interest and protect the beneficiaries of these markets from untimely change in laws. In a way that does not jeopardize their profitability, but the problem is that the administrative system of the country in recent decades seems to be addicted to the creation of councils, centers and headquarters, and every time there is talk of the need to solve problems, practically work It does not do more than allocate funds for renting a new administrative mechanism. With this account, how can this coordination be created at all, and basically, what can be done if this coordination is created?

Common look vacancy

To answer this question, it may be better to insist on reaching a common vision between money and capital market stewards than on the creation of a new institution. In recent years, what has come to be known as the exercise of sovereignty over banks and its conflict with the rules of the stock market, or the issue of interest rates, which has provoked protests from many investors, Lack of clear priorities and a common view for orderly economic governance in the country and sometimes it is a mistake to recognize policymakers. Naturally, in such a situation, if the money market officials can also reach a mutual understanding with the leaders of the capital market, many problems in this field can be solved and stable rules can be created.

Such a capacity seems to exist at present. The election of Ali Salehabadi as the head of the most important monetary position in the country, along with the appointment of Majid Eshghi as the head of the stock exchange organization, has created hope among capital market activists and other economic activists that having a common understanding and view in these two important organizations can improve efficiency. Smooth out different aspects of the capital market, especially in the stock market and the debt market. Of course, we have to wait and see if these hopes will eventually come true. However, if this is possible, some basic steps can be taken to improve the capital market situation, which will be mentioned below.