stock market

Fardin Agha Bozorgi, the managing director of Ayandeh Bank Stock Brokerage, told ISNA that the solidarity and unity of opinions among stock market stakeholders were the best solutions to capital market problems. He noted that the stock market enjoyed a normal climate however certain political and economic ambiguities remained such as increase in the rates of refining, petrochemical and automotive industries. The situation cast doubts
He further added that the future outlook was subject to receiving responses on certain questions raised by market players. According to him, the government and economic policy makers' focus to curb the inflation influences the products' sales rates that have always formed a major source of profit for enterprises. Thus, it seems that the control on products' sales rate increases the finished costs and consequently stabilize or reduces profits.
Mr. Aghbozorgi maintained that the banking system's contractionary policies and government's financial and monetary policies indicated the determination to control the overall level of prices increases. Therefore, at the moment, no increase in stock prices as in 2013 could be expected. Despite the current trend, he noted with satisfaction the government officials' frequent stress on the importance of capital market growth. He added that the stock market enjoyed a natural flow at the moment and a decline in stock rates was expected in 2014 given the significant increase in the previous year. He underlined that a good market should not necessarily experience a constant growing trend. He also predicted that despite the thriving Assembly Season currently going on in the capital market, the coincidence with critical political developments would overshadow the market. Therefore, no significant changes or growth was expected in the coming weeks which was normal.
At the end, Mr. Aghabozorgi reiterated that officials and investment companies were trying to increase liquidability level of the market and underlined the importance of solidarity and unity of thoughts among capital market stakeholders to find a solution to the stock market problems.