What was the reason for the drop in the stock market index?

According to Tejarat News, this week the stock index fell by 0.66 percent to the level of one million and 454 thousand units.

The homogeneous index was positive for the week. The OTC index grew by 0.92 percent and reached the range of 20,038 units.

This week, one thousand billion real tomans were taken off the stock exchange. So that on Saturday 328 billion Tomans left, 118 billion Tomans entered on Sunday, 159 billion Tomans left on Monday, 950 billion Tomans left on Tuesday and 309 billion Tomans on Wednesday received 309 billion Tomans of real money. We also had 245 billion tomans of real money entering fixed income funds.

The market experienced a heavy negative of 33,000 units on Tuesday with the announcement of the Ministry of Silence decree on receiving duties from the export of steel products and metals. These offerings continued even at the beginning of Wednesday, but in the second half of the market, with the leadership of the First Refining Fund, the demand in the capital market improved.

Stock market decline is normal

Fardin Aghabzargi, a capital market expert, says in an interview with Tejarat News: If new decrees and announcements are not approved in the market, the stock market will remain in equilibrium.

He explains: “Items such as the recently announced tariff rate on export taxes and tariffs on steel, steel, petrochemicals and the like, were the only excuse to change the market trend.” In general, the capital market has no problem. Only seven percent of the previous days’ returns have been taken back and there is no particular problem in this regard.

The capital market expert continues: The capital market trend was normal this week. Because after successive growths, the market needs a break.

“Given the stock market lag compared to other markets and the profit and loss performance of most companies and industries, there is currently no particular problem for the market,” says Aghabzorgi.