Protest action held in Tehran Stock Exchange
Baku, Azerbaijan, Jan.22
By Temkin Jafarov - Trend:
Shareholders held a protest in the Tehran Stock Exchange over the reduction of the market indexes and stock prices, sahamnews website reported on Jan.22.
The protest action led to confrontation where the glass of the board indicating the indexes of the stock exchange was broken and other office materials were damaged.
Police officers have been sent to the scene, according to the website.
Some protestors said that there is a manipulation of the share prices. They said that when the share prices dropped by 40 percent, the indices decreased slightly, which proves that there is manipulation of the share prices.
Director of the Tehran Stock Exchange Hassan Ghalibaf met with the protestors on Jan.21 and said that the problems in the stock exchange are related to the decrease in oil prices in the world market below $50 and budget deficit.
Ghalibaf reassured the protestors that the situation in the stock exchange will be normalized. He added that the increase or decrease in the share prices is related to demand and supply.
The stock index was 82,028 in January 2014, while this figure is currently equal to 65,028, according to the official statistics of Tehran Stock Exchange.
Edited by CN
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