Although in the early hours of today and with the growth of the car index, the car was covered in green and the car and Khasapa were positive, but this greenery did not remain stable and in the middle of the day, the car symbol was red again and experienced a 5% drop. Meanwhile, it was predicted that carmakers would be out of the initial emotional sales pressure, and this trend could continue.
Khodrocar - An examination of the trend of automobile stocks in the capital market shows that the news of the proposed sanctions on Iran Khodro and Saipa has had a negative impact on the growth of stocks of these automakers, and although industry activists believe that the situation will not be worse than the current situation. The proximity of Trump and Biden votes and the possibility of Trump re-election, the automakers' shares fell because the proposal to sanction Iran Khodro and Saipa was submitted to the Trump administration by the American Foundation for the Defense of Democracy.
The Foundation for the Defense of Democracy, which has played a key role in recent banking sanctions, has advised the Trump administration to impose sanctions on Iran Khodro and Saipa and their subsidiaries, which control about 90 percent of the Iranian car market. The foundation claims the two automakers have close ties to Iranian military companies, adding that sanctions against the two would be another major step in completing the maximum pressure policy.
"The momentary announcement of the US election results had an impact on the capital market, so much so that banking and automobile groups were favored by the Biden vote, and dollar-driven groups such as the Steelers and Refineries were highly welcomed as Trump votes.” Mehdi Haji Vand, expert of stock market says.
"This is affecting export-oriented companies that are heavily influenced by the price of the dollar, and this news will push the dollar higher. It will increase, which will lead to the growth of the capital market.” He said.
"There is a perception in the capital market that Biden's rise in the US election will lead to a dilution of sanctions and this will reduce the dollar rate, and in this situation, the first group that can show a positive reaction in the market is the banking group. And it will be a car, that's why the market was volatile, and in the last hours of the market we saw sales queues in cars and shopping queues in refineries.” He mentioned.
"The market will move forward without Trump and Biden, and in the meantime, with the announcement of the new sanctions on Iran Khodro and Saipa, the automotive group, especially Iran Khodro, grew, which was a sign of the ineffectiveness of this news. The sanctions were supposed to have an impact on the automotive industry, leaving their mark on previous periods, and the imposition of new sanctions will be a fleeting and short-term psychological burden.” Says he.
"Yesterday's reaction of the cars to the recent political events will be fleeting, as the group has fallen by more than 50 percent and will now be an interesting stock for buyers, so it should fluctuate for now.” He continued. "The closure of the capital market will coincide with the announcement of the US election results, so the capital market is expected to start operating more sensibly next week.”
Capital market activists believe that while the impact of the US election and sanctions programs on the market will be temporary, there are a few things that can affect the stock market, including the return of the psychological climate in favor of the stock market, the return of sellers who fear Biden and the fall. The dollar has sold its shares and now they have to replace the sold shares, and finally, with the government empty-handed in financing from oil, it is necessary to re-select the capital market for financing. Therefore, there is a possibility of stock market growth. However, cars are seeing the negative effects of sanctions threats.
The Foundation for the Defense of Democracy, which has played a key role in recent banking sanctions, has advised the Trump administration to impose sanctions on Iran Khodro and Saipa and their subsidiaries, which control about 90 percent of the Iranian car market. The foundation claims the two automakers have close ties to Iranian military companies, adding that sanctions against the two would be another major step in completing the maximum pressure policy.
"The momentary announcement of the US election results had an impact on the capital market, so much so that banking and automobile groups were favored by the Biden vote, and dollar-driven groups such as the Steelers and Refineries were highly welcomed as Trump votes.” Mehdi Haji Vand, expert of stock market says.
"This is affecting export-oriented companies that are heavily influenced by the price of the dollar, and this news will push the dollar higher. It will increase, which will lead to the growth of the capital market.” He said.
"There is a perception in the capital market that Biden's rise in the US election will lead to a dilution of sanctions and this will reduce the dollar rate, and in this situation, the first group that can show a positive reaction in the market is the banking group. And it will be a car, that's why the market was volatile, and in the last hours of the market we saw sales queues in cars and shopping queues in refineries.” He mentioned.
"The market will move forward without Trump and Biden, and in the meantime, with the announcement of the new sanctions on Iran Khodro and Saipa, the automotive group, especially Iran Khodro, grew, which was a sign of the ineffectiveness of this news. The sanctions were supposed to have an impact on the automotive industry, leaving their mark on previous periods, and the imposition of new sanctions will be a fleeting and short-term psychological burden.” Says he.
"Yesterday's reaction of the cars to the recent political events will be fleeting, as the group has fallen by more than 50 percent and will now be an interesting stock for buyers, so it should fluctuate for now.” He continued. "The closure of the capital market will coincide with the announcement of the US election results, so the capital market is expected to start operating more sensibly next week.”
Capital market activists believe that while the impact of the US election and sanctions programs on the market will be temporary, there are a few things that can affect the stock market, including the return of the psychological climate in favor of the stock market, the return of sellers who fear Biden and the fall. The dollar has sold its shares and now they have to replace the sold shares, and finally, with the government empty-handed in financing from oil, it is necessary to re-select the capital market for financing. Therefore, there is a possibility of stock market growth. However, cars are seeing the negative effects of sanctions threats.
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