Six Trillion Tomans Exit Tehran Stock Exchange in Dey 1400
The Tehran Stock Exchange index fell 25,000 points on Sunday, the third of Bahman, while the FARS News Agency reported that six trillion tomans exited the stock exchange during the previous month of Dey.
The Tehran Stock Exchange index stood above 1.4 million points in the first week of Dey, but over the past month it has been in decline, and on Sunday it dropped to 1 million 256 thousand points, the lowest level since Tir of this year.
Despite economic recession, the stock exchange index surprisingly rose from around 500,000 points at the beginning of last year to above 2 million points in the fall of 1399, but then again followed a downward trend with ups and downs. The Economic Commission of Parliament in Aban this year released a report indicating that people suffered “70 billion dollars” in losses from the stock index decline in recent months.
At the peak of the stock exchange index, many experts called the increase a “bubble” and accused the government of manipulating the stock index to make more profit; a claim that the Hassan Rouhani government denied.
FARS News Agency writes that the stock exchange continued its downward trend in Dey as well, and the capital market went through 18 months in the red, and for this reason, disappointed shareholders are leaving this market and entering parallel markets to recover a little of their lost capital.
Despite the Ibrahim Raisi government taking office and its promises to organize the stock exchange situation, the stock index has fallen about 17 percent during this period.
Source: Radio Farda
