حسن پور

Managing director of Saba Brokerage company, claimed the entrance of ETFs into the stock market as advantageous for the beneficiaries of the related industry.

Tehran, Nov. 29 (SENA) – Vahid Hassanpour Dabir in an interview with SENA, mentioning the increase in the price of commodities cited: The end of US elections and the announcement of the Corona Virus vaccine discovery caused increment in the global prices especially the commodities; in other words, the demand of these items has increased. Fortunately, these prices had a positive influence on the steel industry and export-oriented companies and we observe higher daily transaction’s volume and price increase.

This Capital Market expert declared: By surpassing the risks of the Capital Market, the shares have significantly changed; as an instance, bank industry ameliorated by proposing a decrease in boycotts, but the changes in regulations such as getting tax from exporting steel products which is recently started in the parliament, is preventing the betterment in their performance, and it is better to let the market normally and without the interference of other organizations advance.

Hassanpour Dabir stated: I believe that export-oriented group and the companies influenced by the commodities, are prior in being invested in, however, the bank industry can also confront a better and benefiting flow in the near future.

He added: The current condition in the market is different from the first months of this year; it means, first of all the lost trust of the stockowner should be regained and after that should be talked about the bank funds; but if the interest rate of banks do not change and the dollar exchange rate does not experience severe fluctuations, we sould see an ovation for the ETFs.

Managing director of Saba brokerage company answering the question of how much the dollar exchange rate in the following year should be to let the Capital Market continue its normal flow, uttered: The only subject that should be considered is not only this, but also the income resource of the government and if we confront deficit that results in offering shares or not.

He continued: Generally, the more the government prices of dollar exchange rate outdistances 42 thousand Rials, the more benefiting would it be for the Capital Market and if the rates are completely released, it helps making companies transparent and upgrading the quality and profitability of companies, but the rumors are spread for ratifying 110 thousand Rials which is extremely lower that the rate in the free market.

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