Iranian parliament not convinced with economy minister’s report on ailing stock market
Baku, Azerbaijan, Feb. 3
By Fatih Karimov - Trend:
The Iranian economy minister's report on the falling trend of the stock market's index did not come out as convincing enough for the members of the parliament.
MP Hamid Rasaei questioned economy minister Ali Tayyebnia on the reason behind the plunge in the Tehran Stock Market main index over the past two months, but the minister's explanations could not convince MPs, Iran's Fars news agency reported on Feb. 3.
It is the second time that Tayyebnia has received official warning from the parliament, and the minister maybe impeached if another question is submitted by the MPs.
Continuance of declining indexes on the Tehran Stock Exchange caused protests by shareholders on Jan.21.
However, Tayyebnia told Trend Jan.29 that the stock market is stable due to some measures that have been taken.
The Economy and Finance Minister said, "a series of decisions have been taken over the past year and were planned to be implemented. These had negative effects on the capital market. Of course, the declining oil price also had an effect."