Unfortunately, the Tehran Stock Exchange could become a channel for reconciling the people with a constructive investment method in the country. People were disturbed by the endless price hikes in the stock market to perhaps put some of their capital into the production wheel and protect it. But in the current situation, the average loss of shareholders in the stock market has reached 50% and those who entered the stock market in early summer Even 70% of their capital has been wasted. This issue became a reason for the investigation and question of the stock exchange organization to be on the agenda of the parliament. Stay tuned to Artan Press.
*** Disappointing trend of Tehran Stock Exchange
Unfortunately, the Tehran Stock Exchange re-entered the path of 1992 and by reducing the value of stocks, provided the path for capital to leave this market. The suspicion that has been imposed on this market due to the instability of regulations, and despite the attractiveness of the stock price, changes the market trend with each signal. This has led to the reaction to the daily news of stock exchanges. Tehran Stock Exchange ended its activity last week with a very disappointing trend and this trend will most likely be maintained in the short term.
The past week has seen a decline in the value of all investment markets, with the coin experiencing the biggest price declines. The exchange rate was down during the week, with the dollar returning to minus 5.1 and the euro to minus 4.8 percent. In this regard, the price of gold and coins also became cheaper; Investors lost 9% of gold and 9.5% of coins this week. The capital market did not leave this downward trend and the total stock index fell by 6.2% this week.
*** The parliament was opened to evaluate the performance of the stock exchange organization
This issue became an excuse for the parliament to evaluate the performance of the stock exchange organization. The head of the economic commission of the parliament stated that in order to investigate rents and corruptions and protect the rights of shareholders, a research plan was signed by the stock exchange organization and signed by 50 representatives. It is approved by the Economic Commission and will be discussed in a public meeting soon.
But it is not bad to avoid the latest situation in the stock market of steel products. Unfortunately, there has been a great deal of disagreement between the Exchange Organization and Samat, which has reduced the outcome of the forces to zero. The important point, however, is that this week we saw in the dispute between Samat and the stock exchange, the stock exchanges won with the support of senior government officials, and accordingly, the officials of the Commodity Exchange, based on the downward trend and lack of consumer demand in the country’s steel market. And they announced steel sections with figures between 1000 and 1500 Tomans higher than the average market floor rates.
The current state of the steel market in recent days should be attributed to this dispute. Due to disagreements in the Silence and Commodity Exchange Organization, more than 90% of the ingots offered and more than 95% of the long sections offered in the Commodity Exchange were left without customers, and incidentally, this issue has provided a good opportunity for steelmakers to observe the supply floor. It is their duty to export their products.
*** In the current situation, who is responsible for the destruction of people’s capital?
Despite recent disputes between Customs, Samat and some steelmakers that led to the temporary suspension of some of the steel companies’ export shipments, the sharp drop in electricity and gas pressure in many steelmakers has also led to many problems for steelmakers and paved the way for The production and, consequently, the export of their products at this opportune time has made the rise in world steel prices uneven.
All these events and riots went hand in hand until the average loss of shareholders in the stock exchange reached 50% and those who entered the stock exchange in the early summer, even 70% of their capital was lost. A member of parliament recently raised the question of who is responsible for the destruction of people’s capital in the current situation? He has also made the statement that control of the stock market is in the hands of the government but does not feel responsible, which is a matter of concern. Of course, we do not agree with this statement, because the government’s entry into the market will not improve the situation in any way. But the government must play its role well and minimize market margins.
*** Develop a plan for the independence of the stock exchange from the government
The proposal of the member of the presidium of the Islamic Consultative Assembly, emphasizing that the stock exchange should be independent and the government should not be able to stand on its own two feet, was that they have started formulating a plan for the independence of the stock exchange from the government, which cannot be definitively proposed. Had. Also, in order to clarify the events that took place in the stock exchange, the investigation of rents and corruptions and the protection of shareholders’ rights, a plan for research and investigation of the stock exchange was signed by 50 representatives and approved by the Economic Commission and will be discussed in a public meeting soon.
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