BAKU, Azerbaijan, Jan.18
Trend:
Iranian Parliament's Economic Commission has approved a bill to investigate Iran's exchanges (Tehran Stock Exchange, IRENEX energy exchange, etc.) two months ago but it is yet to be submitted to parliament's open session, said a member of Parliament's Economic Commission Mohsen Alizadeh, Trend reports citing ILNA.
"The release of this news now, considering the current market situation, wasn't right. I believe the stock market needs balance, but currently, its not there," he said.
"I hope for the market to grow logically, but unfortunately there have been different factors that caused the recent events in the market to occur," he said.
"One of the most important factors that caused the recent drop in the stock market is the lack of knowledge of the shareholders," he believes.
"There is a large number of shareholders that assume the stock market should always generate profit and have no losses. This is due to lack of sufficient knowledge," he said.
"Most shareholders are short sighted towards the stock exchange and any negative news would cause them to sell their shares immediately. This leads to market losing its balance and the drop of the stock exchange index," said Alizadeh.