Hojjatollah Sidi, the head of the Securities and Exchange Organization, addressed the status of the stock market and its outlook for the next six months at the second meeting of the 'Pioneers of the Capital Market' series, organized by the Association of Securities and Exchange Brokers. He noted that the brokerage industry has always been active alongside the stock market since the early 1980s and will play an important role in the future.
Positive Performance of the Capital Market in the First Half of the Year
Sidi pointed out the performance of the capital market in the first half of this year, stating: 'This half of the year was a successful experience for the market, despite challenges arising from the war and other concerns.' He added that the management of brokerage firms and the maturity of both individual and institutional investors were key factors in the market's success during this period. He also assessed that brokerage firms, by maintaining calm and prudence, have created good days for investors.
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The head of the Securities and Exchange Organization emphasized that the success of the market is not limited to indices, stating: 'Liquidity, trading volume, and rational market behavior in the reopening of affected companies are among the signs of market maturity.'
Stock Market Outlook in the Next Six Months
Sidi continued by discussing the short-term outlook for the capital market, saying that based on expert opinions, the market conditions in the next six months will be similar to the past six months. He referred to two scenarios: one optimistic scenario that includes major agreements and the lifting of sanctions, and another more challenging scenario that may complicate conditions. However, according to him, the continuation of the current situation seems more likely.
In part of his remarks, Sidi referred to diplomatic negotiations and the readiness of military forces, emphasizing that the market must have the ability to manage different conditions. He also mentioned the release of companies' semi-annual reports, stating that these reports will provide more information to the market.
In conclusion, Sidi stressed the importance of brokers' behavior in relation to investors, stating: 'Our natural behaviors can have a significant impact on the market, so we must pay more attention to these issues.'
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