TEHRAN – Mohammadreza Pour-Ebrahimi, the chairman of the Iranian parliament’s economic committee has said that the stock market is going to follow a positive trend in the current Iranian calendar year (started on March 21).
“[This year] the profits of major industries and influential companies in the capital market have been assessed positively, which is why the market will follow a positive trend this year,” Pour-Ebrahimi told IRIB.
The official said that part of the current negative trend in the market is due to psychological factors and the fact that people have lost their trust in the capital market.
“In the first half of the previous year, the government failed to manage and monitor the capital market and did not do its job properly, which is why the capital market [index] witnessed such a severe decline,” he said.
The government must act in such a way that the people’s trust is restored and the capital market is taken out of the current psychological atmosphere, he stressed.
Earlier this month, Market Analyst Rouzbeh Shariati said that TEDPIX, the main index of Tehran Stock Exchange (TSE), is going to improve over the next 1.5 months in comparison to the first 1.5 months of the current Iranian calendar year.
Shariati noted that reaching a possible agreement on the nuclear deal, the stability of the national currency, as well as the less attractive situation of the parallel markets are the important factors that would contribute to…