TEHRAN – Head of Iran’s Securities and Exchange Organization (SEO) stated the inventory market has discovered a special place in the nation’s financial system in order that it’s impacting different main areas like politics, IRNA reported.
Speaking on the twenty fourth board assembly of the Tehran Chamber of Commerce Industries Mines and Agriculture (TCCIMA) on Tuesday, Mohammad-Ali Dehqan Dehnavi stated: “The presence of individuals in the capital market has offered us with a new software, and this new software should be used to eradicate the shortcomings and monetary issues of the industries lively in this market.”
Stating that folks have welcomed the inventory trade and invested main capital in this market, the official added: “The capital market has developed by the folks’s presence, and together with it the function of this market in the nation’s financial system has additionally expanded.”
Dehqan Dehnavi emphasised the truth that the decline in the inventory market’s primary index has not been a unprecedented incident and the development of this market has been in line with different parallel markets in the nation.
“The inventory index has moved in line with different markets and the idea of “bubble” can’t be used for this market,” he stated.
He additional famous that evaluating the inventory market development with the actual financial development in the nation shouldn’t be a legitimate comparability.
“When we focus on inventory market and asset values, we’re speaking about nominal variables, so evaluating a nominal variable with a actual variable is a very incorrect comparability, as a result of the worth of property is affected by many components,” he defined.
Unprecedented fluctuations in the Iranian inventory market over the previous few months have raised considerations amongst shareholders, consultants, and students main them to name for the federal government to extend help for the market.
In early May, capital market analyst Rouzbeh Shariati stated that TEDPIX, the primary index of the Tehran Stock Exchange (TSE), goes to enhance over the following 1.5 months in comparability to the primary 1.5 months of the present Iranian calendar 12 months (began on March 21).
Shariati believed reaching a attainable settlement on the nuclear deal, the steadiness of the nationwide foreign money, in addition to the much less enticing scenario of the parallel markets are the essential components that may contribute to the development of the capital market.