Tehran, Jan.16(SENA)The CEO of "Kharazmi Broker" in an interview with the Securities  and Exchange News Agency(Sena), while the stock price is attractive, pointed out the reasons for falling prices in the current market days and said: "One of the reasons is that the dollar exchange rate is not clear, because most stock exchange industries Sell ​​their products in dollars; Many goods sold domestically are also sold in dollars.

Hassan Ghasemi added: "It is expected that with the establishment of the new US administration, interactions will take place with our country and we will see a further drop in the price of the dollar." In my opinion, this is likely to happen in the short term, although in the long run, given the government's budget deficit, the dollar exchange rate seems to be on the rise. So until the dollar stabilizes relatively, we can not expect the rest of the markets, including the capital market, to have a sharp rise.

Instant decisions of institutions and creating uncertainty in the market

The capital market expert continued: "Meanwhile, some issues also go back to the government budget, which means that we must see the government budget as an important engine of economic stimulus affects the level of demand; Therefore, determining the budget situation is also an important factor for market movement; At the same time, momentary decisions in other institutions, such as the Ministry of Industry, Mine  and Trade lead to a loss of confidence in investing in the stock market, because the investor prefers to enter a market where such events are less common

Ghasemi pointed out: In the current situation, the investor tries to bear the least risk in such a situation. Accordingly, we must wait for the establishment of a new US administration to assess the state of potential openings and subsequent changes in the capital market.