In a letter to the First Vice President Mohammad Mokhber, the head of the Security and Exchange Organization (SEO) listed eight major challenges the stock market is grappling with.
According to Eghtesadnews, the increasing trend in bank interest rates, the negative impact on listed companies’ profit margins due to the growth in feedstock and energy prices, mandatory sale prices on companies and the apparently unending chaos/fluctuations in gold and currency rates are the capital market’s main problems Majid Eshqi said in the letter.
Holding the Iranian National Oil Refining and Distribution Company's trade at the Energy Exchange, divesting shares of major auto companies, implementation of measures regarding export companies without considering national interest plus cutting industries’ access to the power grid during summers are other factors hurting the market.
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