The impact of the 1402 budget on the Tehran Stock Exchange – Tejaratnews

According to Tejarat News, the stock market can be considered an influential market of political and economic news. Due to the existence of political and economic news and even speculation Tehran Stock Exchange It can experience many changes and fluctuations. These days, all markets, especially the dollar, are on the rise, and the index of the entire stock market has reached the range of 1.4 million units. However, how will the stock market situation be?

Vahideh Mousavi, an expert on financial markets, said: In the absence of positive news on the JCPOA and due to the existing political crises, it is natural for market participants to pay a lot of attention to the dollar rate and the conditions governing the currency and gold markets. The increase in the volume of foreign exchange demand in the transactions of recent days caused the free market dollar index to enter the channel of 36 thousand tomans, which caused the Central Bank to adopt the policy of currency supply in semi-transactions.

He stated: In the current situation, due to the existing inflationary conditions, the lack of a positive economic outlook, the increase in sanctions, the prevailing political conditions, and the lines drawn by the rulers of power, it seems that the dollar still tends to rise and its real rate is more than the numbers that These days it is registered.

This capital market expert explained: In our Iran, what happens is always different from what is published in statistics and numbers. Therefore, it does not seem that the policy of suppressing the exchange rate by claiming the existence of foreign exchange resources is more than necessary, because this spring is so compressed that it wants to be released.

Mousavi explained: Currently, in the gold market, the coin is traded at 42 thousand tomans per dollar (we define it as a coin bubble according to the current dollar rate), but it indicates that; Buyers of this classic safe asset still consider the exchange rate higher than the current prices.

New policies for the stock market

He continued: On the other hand, according to the amount of available liquidity, it seems that the central bank’s management and control policy is not the answer this time. Considering the increase of the free dollar and consequently the Nima dollar, the discussion of the budget and its rate in 1402 is very important and vital. Therefore, it should be noted that if several exchange rates are defined in the 1402 budget and the price gap between Nima and Azad dollars is high, favorable conditions for the capital market will not be established.

This capital market expert stated: Also, currently the prevailing conditions in the economy and on the other hand, the high price gap between Nima and Azad dollars have made financial market activists believe that the conditions are ready to reduce the price gap and the capital market can carry out its analysis. to deliver with a higher half dollar.

Mousavi said: If the price gap between Nima and Azad remains high and even starts to grow more. Exporters will not want to sell currency in the NIMA system. This issue makes the central bank itself face the challenge of currency shortage. This issue has caused analysts to evaluate favorable conditions for Nima and Azad dollars to approach.

He added: These days, due to the high value of stock prices in the capital market and the growth of other parallel markets, activists in this area have accepted the risk of investing in the stock market and preferred to be practical rather than an observer.

In the end, Mousavi stated: It seems that the issuance of permission to enter the market by the capital market policymakers at the stock price floor, the devaluation of the national currency, the growth of world prices, the increase in oil prices and the tendency to herd behavior have caused the capital market to go from pomegranate red these days. changed its color to pistachio green and make investors optimistic about the future of the market and the continuation of the existing conditions; It is hoped that it will continue.