Iranian MP to question economy minister over stock exchange falling trend

Iranian MP to question economy minister over stock exchange falling trend
13:22 12 May 2015
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Baku, Azerbaijan, May 12

By Fatih Karimov – Trend: Iranian MP Hamid Rasaei will question the country’s economy minister Ali Tayebnia over the decline of the stock exchange in recent days.

Rasaei said that a bill would be submitted to the parliament, aiming to investigate the performance of the stock exchange market, Iran’s Fars news agency reported May 12.

In February, Rasaei questioned Tayebnia on the reason behind the plunge in the Tehran Stock Market main index, but the minister’s explanations did not convince the MP.

Continuance of declining indexes on the Tehran Stock Exchange caused protests by shareholders on May 11.

A group of stockholders of the Tehran Stock Exchange held a gathering in front of the TSE building to protest at the falling share prices.

They opined that the declining trend of prices has led to a drop in their liquidity.

TSE main index (TEPIX) has decreased from around 72,000 in March to around 63,069 on May 11.

The fall in TEPIX came after it soared in the wake of the nuclear agreement between Iran and the P5+1 group (the US, UK, France, Russia, China, and Germany) in Lausanne.

Edited by CN

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