"Six Thousand Billion Tomans" Exited from Tehran Stock Exchange in January 2011

The Tehran Stock Exchange index fell 25,000 points on Sunday, February 25, and at the same time, Fars News Agency reported that "six trillion tomans" had been withdrawn from the stock exchange in January.

The Tehran Stock Exchange index was above 1.4 million points in the first week of January, but has been on a downward trend over the past month and fell to 1,256,000 points on Sunday, the lowest level since July of this year.

Despite the economic recession, the stock market index surprisingly soared from around 500,000 points at the beginning of last year to over two million points in the fall of 2020, but then went down again with ups and downs. In November of this year, the Economic Commission of the Parliament published a report announcing the loss of "70 billion dollars" to the public from the decline in the stock market index in recent months.

At the time of the stock market index's peak, many experts called 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.

Fars News Agency writes that the stock market continued its downward trend in January, leaving the capital market in the red for 18 months. For this reason, shareholders, disappointed with the change in the stock market trend, are leaving this market and entering parallel markets to compensate for some of their lost capital.

Despite the coming to power of Ebrahim Raisi's government and his government's promises to regulate the stock market, the stock market index has fallen by about 17 percent during the same period.

Source: Radio Farda