Tehran Stock Exchange index fell by "80,000 points" in the past three days

The Tehran Stock Exchange index fell by about two percent for the third consecutive day, falling to about 1.2 million points on Tuesday, February 25.

Petrochemical and mining companies have seen the largest decline in stock value.

The government has not yet explained the reason for the fall in the shares of these companies and the acceleration of the decline in the stock market index, but in recent days, gas deliveries to petrochemical, steel, and other industrial units have dropped significantly due to the country's severe gas shortage, and some units have stopped their activities.

Of course, the decline in the stock market index began last summer, when the index strangely soared from 500,000 points at the beginning of the year to over two million points in late August within four months, but then gradually began to fall.

At the time of the stock market index's peak, many experts considered the increase a "bubble" and accused the government of manipulating the stock market index to gain more profits, an issue that Hassan Rouhani's government denied.

In November of this year, the Parliament's Economic Commission published a report announcing that the public had suffered "$70 billion" in losses from the decline in the stock market index.

At that time, the stock market index was above 1.4 million points, but now it has fallen to 1.2 million points, and it is expected that the amount of people's losses from the decline in the stock market index has increased.

In this context, Fars News Agency reported on Sunday this week that six trillion tomans had been withdrawn from the stock market during January of this year.

In January of this year, the capital market went through 18 months of red.

Source: Radio Farda