Tehran Stock Exchange went down! / The dollar value of the stock market is at its lowest level in 1402 – Tejaratnews

According to Tejarat News, while the stock market has gone through a lot of ups and downs, from the upward rally of one and a half months in the beginning of the year to the erosion process of the market after the middle of September, the dollar value of the capital market has reached a point where the last time was on March 16, 1401 in this The surface was placed.

The dollar value of the stock market is obtained by dividing the market value (the market cap of all companies listed on the stock exchange and over the counter) by the free dollar. Of course, in another type of calculation, experts also obtain the dollar value of the market by dividing the market value by Nima dollars.

The indecision of capital market residents in the shadow of systematic risks

The geopolitical risks casting a shadow over the Tehran Stock Exchange have made the bullish outlook of the market, which was strengthened at the beginning of the year due to the stability of the stock market compared to the parallel markets and the value of the shares, now becomes weaker than before. The start of the Gaza war on October 7 also completely changed the scenarios of the stock market.

With the continuation of the correction process that started in the middle of May this year, experts expected that with the arrival of autumn, the trend of market indicators will reach a turning point. However, the sudden change in conditions changed the possible scenarios of the stock market. In this regard, even the symbols that had a positive performance in their 6-month reports, were not sufficiently noticed by the people of the market.

While the indicators of the glass hall faced a sharp decrease in height, the value of the American banknote penetrated to levels higher than 52 thousand tomans. The divergence between the stock market indices and the dollar has caused the dollar value of the market to decrease to the level of 150 billion dollars. It is worth noting that the market’s peak dollar value in 1402 shows a height of 201 billion dollars.

Regardless of the geopolitical turmoil that has cast a shadow on the stock market, the government’s view of the economy, which currently revolves around the adopted contractionary policies, is a good explanation for the current market conditions. The contractionary policies adopted by the government and the central bank have led to a recessionary atmosphere on the asset markets. The stock market is not exempt from this flow and the value of transactions rarely registers levels higher than five thousand billion.

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