The lifeless green of the stock market / the thick shadow of uncertainty on the market
According to Tejarat News, the transactions of the entire stock market index changed direction today, unlike Saturday, and became positive; However, the uncertainty of JCPOA negotiations has cast a shadow on the capital market.
The total index of the stock market today, 13 Shahrivar 1401, increased slightly compared to the previous day. The index experienced a growth of 5 units with a relatively upward trend and stabilized in the range of 1 million 426 thousand units. On the other hand, the equal weight index was placed in the range of 409,000 units in accordance with the total index.
The stock market is waiting for negotiations
Hopes for the revival of the JCPOA were greatly reduced. This happened in a situation where many analysts saw the chance of reviving the agreement at the highest level of negotiations in the last one year. Considering this issue and also the disappointment of economic activists, the events that happened in the first two days of the week in the currency and stock market were predicted since the previous day. At present, the uncertainties of the JCPOA have increased so much that it seems to be more difficult to draw the outlook of the stock market than ever before.
On the other hand, the advisor of Iran’s negotiating team in the Vienna negotiations said: Iran will be patient. The US under Obama systematically violated the agreement and under Trump/Biden applied maximum pressure against innocent citizens. Therefore, Iran does not accept ambiguities or gaps in the text. Winter is approaching and the European Union is facing a crippling energy crisis.
Scarcity of oil in world markets
OPEC+ oil supply is expected to be limited in the coming months following the implementation of European oil sanctions against Russia from early December, and unrest in other members of this alliance, such as Iraq and Libya, will make oil supply even more unstable.
The new Secretary General of OPEC also believes that the increase in demand following the lifting of the corona restrictions will cause the oil market to face a supply shortage.
Experts believe that this issue can have a positive impact on Iran’s capital market. We are likely to see an increase in the price of oil-related industries in Tehran Stock Exchange.