What happened to the good news for the stock market?
According to Tejarat News, the president participated in a televised interview on Tuesday last week. He made promises about the stock market.
Immediately after the president’s speech, Economy Minister Ehsan Khandouzi tweeted: “Tomorrow will be another day in the implementation of economic approvals; “Insha’Allah.”
Accordingly, on Wednesday last week, the Cabinet held a meeting with the Minister of Economy, the Minister of Silence, the Minister of Oil, the Head of the Program Organization, the First Vice President, the Vice President for Economic Affairs and the Chairman of the Exchange Organization.
Finally, Mohammad Mokhber, the first economic deputy, announced the approval of the capital market five-point plan.
On the same day, Khandouzi explained: “The collection of these approvals, which will be implemented from the beginning of February and is not postponed to 1401. This is a set of measures that will be included even before the date of government approval. “Thus, these resolutions carry a serious message of government support for industry, with stable economic activity, predictability of variables, and ultimately a positive outlook for the economy in the coming months.”
The overall stock index was positive
After the announcement of the capital market decision on Wednesday and Saturday, the index became slightly positive. Of course, the positive market is due to the entry of legal money into the stock market and the reduction of ambiguities.
The overall capital market index grew by almost 2% on Wednesday and Saturday.
Javad Fallahian, a stock market expert, says about the planning: “According to the decisions made by the government’s economic coordination headquarters, five resolutions can reduce the economic ambiguities that caused the market to fall.”
According to most experts, these approvals can reduce the economic ambiguities ahead. This was because the market downturn was mainly due to ambiguities that threatened the economy in the future.
Despite the positive indicator of the overall index, it seems that this decision is a five-pronged temporary housing for the capital market for the next few weeks.
Read the most important stock market news on the Trade News page.