What did Sadiq al-Oadah’s government do with the stock market? / The market in Tour Barjam

According to Tejarat News, Ebrahim Raisi emphasized in his press conference yesterday, without referring to the stock market, that the government is true to its promise and has fulfilled all its promises. This is while the capital market has a very unfavorable situation these days and the shareholders are strongly protesting the situation of the Tehran Stock Exchange.

Tehran Stock Exchange index reached 1 million and 441 thousand units with a drop of 3875 units today on 7 September 1401. This slight drop occurred in a situation where the market is strongly affected by the uncertainty of the JCPOA. But the equal weight index remained in the range of 410 thousand units with a slight growth.

What is the opinion of the stock exchanges about Sadeq al-Wadeh’s government?

Ebrahim Raisi called the 13th government the “true promise” government in his press conference yesterday. The President, who did not mention the name of the stock exchange in this press conference, claimed that the government has fulfilled its promises. At this time, many experts and shareholders have serious doubts about this president’s claim in various fields, including the capital market.

One of the main promises of Ebrahim Raisi to the people of the stock market was that the government’s intervention in the matter of pricing will be minimized. In other words, Raisi had promised to remove the base of the orderly pricing. But at different times, including car pricing, etc., he did exactly the opposite of his promise.

Raisi also promised to compensate the losses of the stock market shareholders in 2009 and 2000. But a look at the current market situation indicates the continuation of the loss trend of the shareholders in the last one year. In some stocks, this process has even intensified and shareholders have experienced far greater and bigger losses in the Raisi Stock Exchange than during Rouhani’s presidency.

What is the most important promise that did not come true?

But experts believe that the most important unfulfilled promise of Ebrahim Raisi is to prevent the economy from being tied to the JCPOA. A promise whose impact on the state of the capital market can be clearly seen these days. However, a look at the price of basic items and daily needs of the people clearly indicates that this promise of the president has not been fulfilled. But this issue is not only limited to the livelihood of the people, but also in the dimensions of macro industries and small and large businesses are also affected by the erosion of JCPOA negotiations.

The capital market is also facing the risk of uncertainties these days. Whenever positive news about the negotiation process is published, the market also shakes and the signs turn green. But whenever the public opinion is disappointed about the revival of the JCPOA, the market also enters a downward phase. Now you have to think a little whether the government of Sadiq al-Oada has been able to stand on one or two of the promises he made to the people or not?