‘Next president should have an understanding of capital market’

TEHRAN- Regarding the capital market expectations from the longer term president, a board member of Iran’s Securities and Exchange Organization (website positioning) stated the folks’s alternative should have an understanding of the capital market and its place within the financial system.

And this subject additionally influences the decision-making course of of the following president, Seyed Mehdi Sadidi informed Tasnim information company on Saturday.

This yr, following what occurred within the first half of final yr, the inventory market was in a unstable scenario, and accordingly, buyers are nonetheless ready for the market to return to a secure interval, he defined.

Referring to this yr’s presidential election, Sadidi stated: “In this example, we should use high managers with perceptual expertise within the fundamentals of politics and decision-making, after which search for technical expertise, however it’s whereas the phrases of some presidential candidates are being lowered to the microstructures of the inventory trade as an alternative of the macroeconomy and the capital market, so we should concentrate on the candidates who’re cautious sufficient on this regard.”

“On the opposite hand, instability of legal guidelines is one other subject that should be thought of within the area of inventory market; as within the capital market, we at all times advocate that we should be current on this market with a long-term imaginative and prescient. This is whereas momentary choices are in battle with this subject”, the website positioning board member additional said.

Iran is on the verge of one more political turning level as the present authorities incumbency will get nearer to its finish and 7 new presidential candidates line as much as strive their luck for main the following authorities.

Iran’s thirteenth presidential election is scheduled to be held on June 18 and this spherical, the present incumbent president Hassan Rouhani could be ineligible to run for re-election as he was restricted to 2 phrases or eight years in workplace.

Since the final presidential election in 2017, a sequence of occasions have drastically modified the Iranian political and financial panorama, on high of which the re-imposition of the U.S. sanctions and the outbreak of the coronavirus pandemic could be talked about.

The financial system, amongst different components, has at all times performed a key function within the Iranian elections and it has been excessive on the agenda of each candidate years after years. Due to the nation’s present financial scenario, this yr, nonetheless, the problem is extra vital compared to the earlier rounds.

The impression of sanctions, exacerbated by the pandemic, has triggered one of the hardest financial conditions within the nation’s historical past, imposing an enormous burden on folks’s livelihood and enterprise actions, so the bulk of folks and companies are intently monitoring the brand new candidates’ packages for addressing the present financial points.

It could be stated that financial packages would be the figuring out issue for the success of the presidential candidates within the present spherical of elections.


Recommended For You

Leave a Reply