همایون دارابی

Recently, more than one hundred managers and capital market experts in a statement addressed to the leaders of the three powers proposed solutions to strengthen investors' confidence in this market and provide liquidity to improve the trading situation. In this regard, the Securities and Exchange News Agency (Sena) has discussed the main points of this letter with Homayoun Darabi, a capital market expert and one of the signatories of this statement.

Tehran, April. 25 (SENA)- Darabi, a capital market expert, told  the Securities and Exchange News Agency (Sena) that the ambiguities facing the capital market can be categorized in at least four main areas: interest rates, exchange rates, mandatory pricing and the outcome of the upcoming elections. The presidency is one of these ambiguities.

Darabi added: "Two important issues in this list go back to the field of monetary policy and the central bank; The importance of these two issues is that if you move the interest rate, it directly affects the valuation of stocks, which is known as the swing phenomenon of interest rates and the stock market index.

Noting that the capital market is sensitive to interest rates, he explained: "Therefore, now that interest rates are almost three times higher than at the beginning of 1399, the market naturally needs to end the contractionary policy; Because the risk of Iran's economy today is not equal to the middle of 1399 and the probability of Trump winning the US election.

"The exchange rate is important for almost 60% of the companies that make up our market value, so if the scenarios," he said, referring to the impact of the exchange rate as another focus of the capital market activists' statement. To announce different and contradictory currencies to the society will confuse the market.

Referring to the destructive effects of mandatory pricing on shareholder rights, Darabi said: "Order pricing has become very annoying for the market, especially in the automotive, steel, minerals and food industries, and despite the fact that most officials have opposed it, Still running.

He then referred to the presidential elections in the country and said: "Always in the last year of the government, especially when the government is in the second term, the subject of elections is the challenge of the capital market."

The capital market expert said that in order to help the whole economy, it is necessary to reduce interest rates in the first place and to stabilize and clarify the exchange rate; These two issues can take buyers out of the defensive lock.

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