همایون دارابی

The market will sooner or later leave the realm of excitement; Next year, during the first four months of the year, we will have elections and corporate profits, after which the election results and inflation will bring the market back to this year's point.

Tehran, March. 01(SENA)-Homayoun Darabi, CEO of Dariush Bank Brokerage, told the Securities  and Exchange News Agency (Sena): "Our market is selling emotionally due to concerns about sales queues, although it has slowed down with the good approvals of the Supreme Stock  market Council." But liquidity continues to flow out of the market.

The capital market expert added: "The main reason for the decline in the market, behind the government's promise of interest rates and its sudden increase and the adoption of a fiscal contraction policy, as well as the government's failure to meet the requirements for issuing 2end ETF.

He continued: "On the one hand, the 8% interest rate caused the outflow of liquidity from the banks to the capital market, but in July, with the interest rate reaching 22% interbank, the money took the opposite path; Add to this the differences over the first ETF and the release of the second phase of justice stocks, and we will find out why this problem occurred.

Darabi said: "With the decline of the market due to the volume of the base and the range of fluctuations, millions of shareholders who had truly and directly entered the market were excited to see the market decline and the formation of sales queues."

He stated that our market, due to the volume of the base and the range of fluctuations, suffers from the problem of buying queues and selling queues, noting: "For this reason, we saw that in the first 5 months of this year, due to buying queues, We saw extremism in buying, and in the second half of the year, sales queues caused this extreme behavior; However, in stock market that do not have the range of fluctuations and the volume of the base, this sudden growth and decline occurs and the market does not become eroded. It is this difference that makes our capital market more exciting.

The capital market expert continued: "Currently, the market is facing the issue of interest rates, lack of coordination of economic policies and inappropriate news such as mandatory pricing outside its framework, and inside, with the fear of sales queues spreading to real people."

Darabi added: "I think the ice of Tehran-Washington relations is melting and the two sides have at least defined the framework of their expectations and the other parties to the talks are trying to bring the two sides closer."

"Biden's vote in the United States means that the United States is moving away from a tense atmosphere, and we will be on the path to an agreement that will then affect market growth," he said.

The CEO of Dariush Bank Brokerage stated: Sooner or later, the market will leave this emotional field. Next year, we will have elections and corporate profits in the first four months of the year, after which election results and inflation will bring the market back to this year's point; That is why we in the market need to control the excitement and buy time for newcomers to the market to enter the equilibrium phase over time and then return.

He added: "Given the conditions of the economy, we will have fewer problems in the future than today; Because the current debates are more in the current time and place, and in the long run, the developments are in favor of the market.

Comment

You are replying to: .
7 + 1 =

Latest of Capital Market