Tehran Stock Market Drops by 32,000 Points

On Tuesday, May 14, the Tehran Stock Exchange experienced a significant drop of 32,391 points, nearly a 1.5% decrease, falling to 2,160,000 points. Iranian media reported that trading in small stocks also declined, with the equal-weighted index dropping by 12,800 points (1.76%) to 716,063 points. The Tehran Stock Exchange recorded a trading volume of 8.1 billion shares and a value of 3,224 billion tomans for retail transactions. The net flow of real money at the end of the trading day was negative, showing an outflow of 498 billion tomans from the stock market, similar to the previous day. Recently, Siamak Ghazemi, an economic expert, reacted to the stock market situation on social media, stating, 'Those who remain in the stock market are suffering from Stockholm syndrome.' This psychological phenomenon refers to hostages developing empathy and loyalty towards their captors. In recent days, as the investment market in Iran continues to decline, several shareholders held a protest in front of the Tehran Stock Exchange building. Reports indicate that the poverty line in Iran for a family of four has exceeded 25 million tomans, and the House of Workers, a government-affiliated labor organization, has emphasized that living conditions have become very difficult, predicting a 100% increase in inflation, making inflation below 50% irrelevant. Earlier, Ahmad Alavi, an economist residing in Sweden, stated in an interview with Voice of America that the budget for the year 1403 would exacerbate poverty and misery for the Iranian people. He also mentioned that a significant portion of Iran's oil revenues is wasted through the corruption of the Revolutionary Guards and religious institutions. Concerns are at their peak; reactions from the currency and stock markets in Iran to the Islamic Republic's attacks were discussed with Ahmad Alavi. A group of shareholders protested in front of the Tehran Stock Exchange building. The Islamic Republic's retreat in the face of goldsmiths' strikes; Abdulreza Ahmadi stated that strikes must be nationwide. The strike at the Central Iron Ore Company of Bafq ended; workers returned to work after promises of 'fulfilling demands.' The dollar surpassed 70,000 tomans; missile strikes in Israel, explosions in the Iranian market. The market is in a red state; the stock market is crashing, and the dollar is soaring to 66,000 tomans. The US dollar increased by 900 tomans in one day, entering the 59,000 tomans range. The rise of the dollar and the fall of the stock market in Iran; an expert states: 'Anyone remaining in the stock market has Stockholm syndrome.'