Fall of the Stock Market puts Iran’s Economy in a critical situation

A new challenge that Iran faces with  fall of the stock market problem which is out Iran’s economy to face new  economic turbulen, with a fall of 89,000 units, and this broke the 

record of reducing the capital market index

The downward trend of the stock index continues and while before, we saw the entry of the total index into the range of two million units, in recent days it entered the 1.9 million units range and finally today with more than 67 thousand units, entered the 1.8 million units range.

The state-run website Gostaresh on 17 August wrote: “After a dark and unforgettable Sunday, can Monday be a day for the stock market to return to happy days?

“Yesterday, a red light was installed on the Tehran Stock Exchange. The index dropped 89,700 units and was 4.7% negative compared to the previous day. The Tehran Stock Exchange had seen only two days darker than August 17 in history.”

“Stock market analysts today have high hopes for the support of 1.8 million units. Yesterday, the market closed in one million and 813 thousand units. The high hopes about the support of this super range can have two effects: First of all, it can increase demand at this level, because some traders and market participants think that the index has improved enough and the stock price has reached a level that is worth buying, so it can cause heavy support in this range; The bad news is that if the negative slope of the market continues like the past two days and the channel of 1.8 million units is lost, a lot of hope will probably be lost and the creation of a negative atmosphere could lead to a further drop in stocks.” (Gostaresh, 17 August)