The fall of the Tehran Stock Exchange index continues; shareholders gather in front of the stock exchange building and chant slogans against the Iranian government
Following the continued fall of the Tehran Stock Exchange index, a number of shareholders gathered in front of the Tehran Stock Exchange building, chanting slogans against the government and lowering the exchange flag.
According to images and videos published on social media, shareholders reacted to the fall in stock values, which has continued since the beginning of this week, by chanting slogans against the government and its policies in the money and capital markets during their protest rally on Monday, January 19.
According to some domestic news agencies, experts believe that the current stock price collapse has no economic basis and that the only reason for it is probably the irresponsible comments made by the most senior government officials, including the President of Iran, about reducing the dollar's value to 15,000 tomans.
The overall index of the Iranian Stock Exchange fell sharply in September this year. After a 300,000-point rise in December, the index resumed its downward trend and fell to its previous low. This fall continued from the beginning of this week until Monday. Some experts believe that if the index loses its previous low, the stock market will fall further.
The affected shareholders had gathered in front of the stock exchange building last week and chanted slogans. The protesters say they entered the stock exchange on the government's advice, but in recent months they have only witnessed a decline in the value of their shares.
Despite the economic recession in Iran, the stock exchange index has grown significantly since the spring of this year, reaching more than two million units by August 10, from 500,000 units at the beginning of the year. Since then, however, the index has been falling sharply and shareholders have been lining up to sell, reaching about one million and six hundred thousand units by early September .
This led some experts and even political officials to attribute the government's failure to fulfill its promises and contradictory decisions to the loss of a quarter of the stock market's value in two weeks.
The stock market index continued its decline on Monday, January 19, reaching 1,149,000 points.
Shareholders say they sold their assets and entered the stock market, and today they have seen their capital destroyed. In recent months, experts have blamed the stock market index for contradictory government decisions, irresponsible statements, and mismanagement.
Economic crises in Iran and rising inflation and unemployment continue while the Islamic Republic continues its support for the Syrian government and proxy groups in Lebanon, Iraq, and Yemen .
The United States says the Islamic Republic spends its country's wealth on supporting terrorist groups and destabilizing the Middle East, instead of its people .
The United States has also repeatedly condemned institutionalized financial corruption and the plundering of Iran's God-given assets by the regime's affiliates, citing them as the main causes of Iran's economic and financial problems. Not long ago, US Secretary of State Mike Pompeo tweeted about the Islamic Republic's officials that they were involved in corruption instead of helping the people.
Source: Voice of America
