The continuation of the game between the stock market and the JCPOA / the market hopes for an agreement
According to Tejarat News, today’s transactions ended in a situation where it seems that the game between the stock market and the JCPOA is still going on and the shareholders are hoping for the revival of the JCPOA.
Today’s trading was completed on August 18, 1401 in a situation where the total index was stabilized with a growth of 3 thousand and 19 units in the range of 1 million and 451 thousand units. Equal weight index also had similar conditions and reached the range of 390 thousand units with a not so significant growth of 801 units.
The stock market game
The latest round of the Vienna negotiations ended last night in a situation where many market participants still haven’t lost their hope of revitalizing the JCPOA. The hope that is further strengthened based on the statements of the negotiating parties that the final text is ready.
Considering the constant focus of the market on the process of negotiations and the effectivity of the stock market on political and consequently economic developments, it can be said that this relationship is still ongoing. Not only is the continuation of this relationship evident, but clear effects of optimism resulting from the hope of revitalizing the JCPOA can also be seen in today’s trading process.
However, there are still many doubts about the final status of the text and the end of the negotiations. But many residents of the market believe that the Vienna negotiations have never been so close to an agreement since the administration of Ibrahim Raisi.
The interest rate reduction is also not without effect
The downward trend of interbank interest rates in the last two weeks has also had clear effects on the market. According to many experts, the central bank has finally given in to the demands of market activists due to media pressure caused by the violation of the government’s promise to suppress interest rates.
Anyway, we have to wait and see how long and how long this confrontation will continue? On the other hand, the result of the game between the stock exchange and JCPOA is also very important for the market. It seems that the Tehran Stock Exchange will continue its path in promising conditions these days.