دارابی

The semiannual reports of companies exhibited prosperous growth in many cases, which is a result of several factors.

Tehran, Nov. 24 (SENA) – Homayoun Darabi in an interview with SENA, mentioning the foresaid, stated: At first is the inflation of country’s economy which is reported in various numbers; simultaneously the government currency has made a rise and passed 260 thousand Rials, and also by the exit of foreign rivals from Iran’s market, the share of Iranian companies in the market was increased.

Signs of Betterment in Market

Darabi mentioned some signs and occurrences about the betterment of the Capital Market and uttered: Resuming Initial Offerings is an ameliorative factor for the market to give it a positive shock. Meanwhile the prices in the global market was improved a little after the intense fluctuations because of Corona Virus, but the potential of this price increase of commodities in the global market would definitely be more visible in 9 and 12 months.

This Capital Market expert continued: Tehran Stock Exchange has a similar structure to the bourse of Australia, Brazil, Russia and Kazakhstan which is shaped mostly by the raw-material-oriented companies; therefore, the market is always highly sensitive to the price of raw materials especially petroleum. Based on this, with the betterment of the global market or increasing the currency exchange rate, this companies would confront ovation.

As Darabi claimed, by selection of Democrat the thoughts of improvement in global economic conditions and decrease of business battles are fortified, which is really positive for the non-petroleum commodities. Petroleum has also a complicated condition and we should wait to see the confrontation of the conservational ideas of democrats and the efforts of Saudi Arabia and Russia for maintaining balance interaction with energy instruments.

Triplet of Petrochemicals, Mineral & Metal at the Top of Market

He noted that if we accept that petroleum will maintain in 40 Dollar level, the growth of other commodities would help the triplet of petrochemicals, mineral and metal by Holdings and their dependent investments to remain at the top of the market.

Darabi remarked: In the meantime, we have a positive approach about the country’s economy in 12 to 24 months by the decrease of boycotts and return to JCPOA period. The Capital Market needs two main policies for growth, the first part is the macro-policies such as decrease of bank interest rate, which is extremely important. Besides is omitting ordered pricings for bourse companies’ products.

As Darabi cited, some companies have currently difficulties in the Capital Market. As an instance, automakers, food and diary industries, etc. are confronting huge complications. The other issue that should be solved is about the connection of refinement companies with the government, which has always been a problem and caused once an extreme drop in 2014.

This Capital Market expert claimed lack of regulatory as a huge problem to maintain the communication between government and public and private sectors.

He added: Beside the subjects of macroeconomy, implementing some plans in the market is also necessary.

Darabi, stating the long journey to regain the trust of people and return to the appropriate condition, declared: We must not forget the pressure in the market about 3 months ago, which is considerably decremented. Currently, the interest rate ought to return to under the average interest rate of manufacturing companies; a rate which also includes tax and other expenses.

This Capital Market expert also cited that if the interest rate reaches 8 to 10 percent and in addition the markets of currency, gold and land is controlled, we can have hopes of a better economic condition in the country; a subject that results in employment and economic welfare and the path to this growth goes in between the Capital Market’s productive sites.

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