Foulad 24 website news

The impact of the semi-dollar on the Iranian stock market

Half a dollar these days has entered the 41 thousand Toman channel and it seems that the policy makers’ inclination at the current stage is a continuous but slow increase of this rate towards higher levels.

Some stock market industries are affected by the price of the dollar and trade their products at the price of this dollar when they are sold in the domestic and foreign markets.

Therefore, exchange rate changes in the free market do not have an operational effect on the profitability of these companies and only psychologically affect the capital market.

Of course, it should be mentioned that the increase in the price of the dollar in the open market also affects the value of the assets of the listed companies and the demand in the market is strengthened through this channel.

As long as the dollar does not change significantly, we cannot expect surprises from the market. Because the big companies in the market are under the influence of the dollar.

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