Why did the index fall below 1.4 million units? / Stock exchange waiting for good news from cars

For the second time this week, the stock market index lost 1.4 million units for the second time this week, according to Tejarat News. This index is currently in the range of one million and 396 thousand units with more than 8300 units. The total and homogeneous indices decreased by about 0.61% and 0.47%, respectively.

Today, the market regulation headquarters is going to make a decision regarding car pricing. The stock market needs to liberalize car prices to improve the situation. It remains to be seen what the outcome of this meeting will be by the end of today.

Borzoo Haghshenas, a stock market expert, said: “The market is in general ambiguity that is imposed on the stock market by the government.” Car pricing is one of the most important ambiguities in the stock market right now.

He continued: “On the other hand, the central bank does not approve a specific rate for bank profits and this rate is still growing.” This affects not only the stock market but also other financial markets.

“The government requires banks, insurance companies and investment funds to buy government bonds,” he said. This causes banks to continue to offer a stock due to lack of liquidity when it grows. For example, a few days ago, when WebMelt was growing, banking legal entities continued to offer this share, and this stopped the growth of this share in the short term.

The government should abandon its populist policies

Regarding the decisions of the meeting of the Market Regulation Headquarters regarding car prices, Haghshenas said: “If this decision is about increasing the price, this would happen every 6 months and it is not a new story.” However, in response to this increase, the market will move slightly.

He continued: “What the stock market urgently needs is price liberalization. The automotive group has a very good ground for creating strong growth in the whole market.” The car industry is not good now, and the government must abandon its populist policies in this regard.

“At the moment, distrust is rippling through the market,” he said. While Raisi promised not to turn the stock market into his own, he did so and uses it for financing.

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