What is the good news for the stock market?

According to Tejarat News, the president mentioned various issues in a televised interview last night, emphasizing that the government’s economic team is seeking to get the stock market out of trouble.

After the main conversation, the Minister of Economy tweeted about the implementation of the resolutions. Now it seems that the news of the Minister of Economy regarding the implementation of the 10 approvals of the capital market.

Micro shareholder support

Ibrahim Raisi considered economic reforms as a necessity of the country and said: “All measures should lead to stability in the market and stability in decisions, and life should be predictable for people. We should make businesses predictable, because if we do not know what will happen in two weeks.” It is harmful for the country.

The head of the 13th government, in response to the fact that one of your three priorities during the elections was to organize the stock market, which has hurt many shareholders today, said: “One of the sectors that has suffered a lot from the previous government is the stock market. The beginning of my work in the government was the concern of the people. Many have come up with advertisements to become shareholders. There are a number of small shareholders that make up the majority of shareholders.

He added: “From the very first week in the government, I announced that the stock market should not be a means of financing the government.” Secondly, we pursued this by placing stabilization and development funds on the stock exchange in a way that supports small shareholders. It took time to do this.

Reisi continued: I appointed the government’s economic team headed by the first deputy to seek a way out of the stock market problems. The meeting that took place tonight after the Maghrib prayer was a meeting of the economic team on the subject of the stock market.

The President of the Republic considered the concern of the people as his concern as a servant of the people and emphasized: we do not pass over the concern of the people in any way until we feel that the people have achieved peace and the peace of the people is not with directives and orders but with executive and field work. . This is the concern of the people, the concern of the government. The economic team came to the conclusion that the Minister of Economy was supposed to inform the people about the decisions and approvals of these meetings as solutions to the problems in the stock market to strengthen the stock market.

Implementation of economic approvals

Ehsan Khandouzi wrote in a tweet last night: “Tomorrow will be another day in the implementation of economic approvals, God willing.”

It seems that this is good news for the Minister of Economy regarding the implementation of the 10 capital market approvals.

Because an important part of the president’s conversation was about supporting and solving stock market problems.

What are 10-point approvals?

1- Next year, the ceiling price of petrochemical gas feed will be five thousand tomans per cubic meter, ie the export rate.

2. The tax on manufacturing companies will be reduced by five percentage points next year.

3- Next year, the formula of government mining rights will not change.

4- Equivalent to stock transfer tax in the capital market is allocated to strengthen the development fund and market stabilization.

5- In addition to the previous securities, 30,000 billion Tomans will be allocated for the market stabilization fund, provided that the market conditions are suitable.

6- 10% of the government shares that are put in the initial public offering market are allocated for marketing the same shares.

7- Issuance of government bonds in the market is done by observing 50% of the inflow of resources to the capital market. That is, government bonds are issued in the months when the cash flow is higher.

8- The Central Bank was obliged to announce the exchange rate of government assets equal to 90% of the rate of the Nima system in the last six months, which has been demanded by banking and stock exchange activists.

9- The head of the stock exchange organization is invited for the meetings of the economic headquarters and the committee of “V” of paragraph five.

10. The Central Bank shall set an interbank interest rate of 20% for intervention in the secondary securities market.