Market expert: government needs to support Iranian stock mar...| MENAFN.COM

Friday, 07 October 2022 03:16 GMT

Market expert: government needs to support Iranian stock market


(MENAFN) Market expert, Mehdi Souri, considers that surge in request, suppling provision packages and liquidity injection by the administration can drive the share market in an encouraging direction, IRNA mentioned in a report issued on Monday.

Souri stated that “In the current situation when shareholders do not expect further decline in the market index, demand stimulation, support packages and liquidity injection can push the stock market to a positive direction.”

In his remarks of the market situation, he mentioned the low possibility of a massive drop in the share market, stating that “In general, when market participants do not expect a severe fall [in the market index], the market can continue to perform more optimistically.”

Pointing to the effect of the political problems like the nuclear agreement as well as Vienna discussions on the market situation, he stated that at some times, the market's outlook of the JCPOA (nuclear deal known as the Joint Comprehensive Plan of Action) has been optimistic and at other times pessimistic.

Souri continued that “At the moment, the market's view on the issue [JCPOA] is positive, because shareholders believe that if positive relations are established with other countries, companies will have a better chance for selling their products and provide equipment needed for their overhaul and development projects, as well as transferring money inside the country.”

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