Practical Measures Needed to Restore Trust in Capital Market

Iran’s capital market continues to face challenges and officials need to take practical measures to restore trust to the market.
“What indeed is the main culprit eating away at the roots of the economy is government-imposed pricing that has largely undermined the automotive, cement and petrochemical industries in particular and other sectors in general,” Amir Abbas Karimzadeh, a currency market analyst was quoted by SENA as saying.
Though offering cars and cement at the bourse has relatively helped stabilize prices of these products allowing the market to decide prices can and will improve the profit margin for these industries, Karimzadeh said, the news agency reported.