News ID: 279425
Published: 0253 GMT January 12, 2021

Jahangiri: Government supports stock market

Jahangiri: Government supports stock market

Iranian First Vice President Es’haq Jahangiri said on Tuesday that the stock market is an independent body, but the Iranian government always supports it.

The government has a duty to support the stock market and do its best to address the concerns of shareholders and prevent them from being harmed, the official emphasized, according to IRNA.

“The government does not want and should not interfere in the rules, regulations and mechanisms of the stock market, at the same time, people should pay attention to its economic mechanisms in order to enter this market and pay attention to the opinions and advice of experts in this due,” Jahangiri noted.

"The decisions of the Supreme National Security Council are valid for the government and the government's mission at this time is to support these decisions because at the current stage the stock market has shown that it can be a good place to finance public and private enterprises,” he said.

Last week, Finance and Economic Affairs Minister Farhad Dejpasand said that the stock market is now on the right track and has reached a stage that can be trusted in terms of performance.

“Except for the peripheral variables that affect this market, we do not have a specific market disturbance,” the minister stated.

Sometimes the policies that are made in different sectors affect the market, which is natural, he added.

If a price floor is to be set for a commodity group and a ceiling is to be released, it is in the interest of that group, but because it is badly reflected, it has the opposite effect, Dejpasand explained.


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