The Farzin dollar turned the stock market red – Tejaratnews

According to Tejarat News, on the last working day of the week, the index of the whole stock market began a downward trend and faced a drop of more than 2% and finally stood at 1,911,000 units. Many experts consider the reason for this fall in the index to be the command pricing of the dollar.

Yesterday, due to the new policies of the central bank, the floor of the dollar reached 42 thousand tomans. Today, the price of the dollar fluctuated to increase and finally remained in the same range and decreased in some hours.

Some experts believe that the fluctuation of the dollar price and then the mandatory pricing of this currency caused the stock market to go through the correction process in the last day.

The dollar and the stock market are closely related to each other, and with the increase in the price of the dollar in the market, the stock market also shows an emotional reaction immediately after a few hours; But in the end, the real impact of this increase in the price of the dollar can be seen in the financial statements of companies.

Because of this issue, it is expected that the Tehran Stock Exchange will react positively to the increase in the price of the dollar. But due to the extreme fluctuation and price manipulation in the currency market, the Tehran Stock Exchange shows a negative reaction to the increase or decrease in the price of the dollar, and only the relative stability of the price of this currency can affect the capital market.

Did the dollar crash the stock market?

Ali Asari, a capital market expert, also told Tejarat News about the impact of the dollar price on the stock market: “Today’s index was definitely involved in the Farzin dollar; It can be said that today’s indicator was Farzini! The exchange rate fluctuations caused by the central bank in the market have had many consequences for the stock market.

This capital market expert continued: “Today, the dollar price on the exchange board reached 42,200 thousand tomans, which is not good for the capital market. This means that the price of the dollar should not fluctuate much and stabilize in a certain range or move slowly.

He added: “In general, the extreme fluctuation of the dollar price makes the whole stock market index negative, and the dollar fluctuation is bad for the stock market and the country’s economy.” “When the market reaches relative stability, it will continue its normal process, but any tension can have a negative impact on the market.”

As mentioned, the extreme fluctuation in the price of the dollar has caused the capital market to react negatively to the increase or decrease in the price of the currency. Currently, the price of the dollar has also increased in the exchange board, and this situation is likely to affect the financial statements of companies in the long run.

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