Iranian share markets suffer under lights of external, inter...| MENAFN.COM

Wednesday, 17 August 2022 07:01 GMT

Iranian share markets suffer under lights of external, internal aspects


(MENAFN) On Saturday, Iran Chamber of Commerce, Industries, Mining, and Agriculture (ICCIAM) released on its website that Iranian share market has been struggling for months to jump back to how it was, however several internal and external aspects have been hampering this market from getting its true potential.

As stated by Market Analyst Vahid Halalat, the doubt of the worldwide economy in the broke-out of the Ukraine conflict, the doubt about the results of nuclear discussions, the uncertain situation of the privatization of the nation’s main automakers, and mainly, the lack of enough attention paid by the administration executives to the stock market are between the domestic and external aspects that have caused the capital market to drop behind other markets including housing.

Highlighting that these aspects have impacted the mentality of the stockholders and affected everyone to stay away from the market, Halalat stated that “Considering internal factors, the country’s major automakers play an important role in the stock market and have a great psychological impact; And since their privatization process has not been realized yet, the validity of the entire project has become questionable.”

He also pointed out that the probable optimistic effect that reaching an arrangement in nuclear discussions could have on the market, stating that “We hope that the negotiations will come to a conclusion. Because in that case, it can have long-term and short-term effects on the stock market and reduce the return gap that has been created between the stock market and other parallel markets.”

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