The 'unprecedented' decline of the stock market and the continuous drop that, according to economic experts, has led to negative trends for most symbols in recent days, has resulted in a sectoral strike. Domestic media reports indicate that several traders, including those in Isfahan and Shiraz, have stopped working. The website 'Tejarat News' described the trading situation of the stock market on Monday, June 7, as 'bloody' and reported that the capital market has been trading 'at the historical lows in terms of volume and value.' Some news sources have also reported that in addition to the strikes in the stock exchanges of Isfahan and Shiraz, the stock exchanges in Tehran and Tabriz are also in a 'critical condition' and have 'joined the strike.' Samira Mahdavi-zadeh, an economic activist and member of the Chamber of Commerce, confirmed these reports on the social media platform X, quoting 'Shahr-e Bourse': 'Traders in regional stock exchanges have turned off their stations in protest and stopped working.' According to her, 'Traders in the Tabriz exchange have currently turned off their stations, and traders in the Isfahan exchange have also gone on strike in protest.' According to this report, the overall stock index 'with a drop of more than 22,000 units has dealt a final blow to shareholders, and the drop of more than 5,000 units in the equal-weighted index has eliminated the last glimmer of hope.' Last week, the crash of a helicopter carrying Ebrahim Raisi and his death also impacted the capital market, leading to the stock market's closure. Additionally, reports from May 24 indicated a severe drop in the Tehran stock market. Ahmad Alavi, an economist residing in Sweden, previously stated in an interview with Voice of America about the impact of regional tensions and war on Iran's economy and stock market that 'the amounts leaving the stock market are seeking a safe haven, and that safe haven is where international currencies or gold and coins are traded.' According to this economic expert, 'if tensions in the region do not cease, the stock market will experience further declines.'
Reports of Strikes in the Stock Exchanges of Four Cities in Iran Following 'Unprecedented and Continuous' Market Decline
The Iranian stock market has faced unprecedented declines, leading to strikes by traders in Isfahan, Shiraz, Tehran, and Tabriz. Economic experts attribute the market's instability to regional tensions and the recent crash of a helicopter carrying President Ebrahim Raisi. This situation highlights the fragility of Iran's economy amidst ongoing political and social unrest.
👥 Key Players
📰 What Happened
Traders in the stock exchanges of Isfahan, Shiraz, Tehran, and Tabriz have gone on strike due to a significant and continuous decline in the stock market. The market has reached historical lows, exacerbated by regional tensions and the death of President Ebrahim Raisi.
- Traders have stopped working in protest of the market decline.
- The stock market has seen a drop of more than 22,000 units in the overall index.
💡 Why It Matters
📚 Background
Iran's economy is under pressure from international sanctions, regional tensions, and internal political challenges, making its stock market particularly volatile.
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