The stock exchange is on the JCPOA tour / the market is waiting for Europe’s response
According to Tejarat News, the stock market ended its work today and the behavior of the shareholders indicated that the stock market was stuck in the JCPOA tour, which has become a normal thing in recent years.
The total stock market index ended its work today, August 25, 1401, with a drop of more than four thousand points. The downward trend of the total index continued today, and its drop of 4,190 units made the figure of 1,459,000 units to be recorded. The equal weight index, however, had other conditions and ended its work with a growth of 1,396 units in the range of 398,000 units. With these conditions, the equal weight index was on the verge of regaining the channel of 400,000 units, which it had recently lost.
Stock market on JCPOA tour
The Islamic Republic of Iran sent its response to the text proposed by the European Union in the last minutes of yesterday. This answer was given in a situation where accurate and reliable information about its content has not yet been provided to the country’s official media.
Therefore, the atmosphere of fear and hope in the society surrounding the revival of JCPOA or the failure of negotiations has intensified. The Tehran Stock Exchange is also affected by this atmosphere and has fallen into a waiting mode. This situation is so worrying that some people believe that the stock market is stuck in JCPOA tour and the only way out of the current situation of the market is to clarify the task of JCPOA negotiations.
Of course, many believe that each of the JCPOA scenarios can change the conditions for the stock market. But in general, most shareholders believe that any assignment of this case can lead to stability in the stock market. From the point of view of these people, even the failure of negotiations can be better than the current situation despite the blows it will give to the economy.
In any case, it seems that the stock market is stuck in the JCPOA tour, and like in recent years, shareholders have to wait for the opinion of the Europeans regarding Iran’s response. An expectation that has upset many, but it does not seem that there is any escape from this situation in the stock market.