NOURNEWS- Following the continuation of the corona prevalence, the international stock markets have also fallen sharply.
International stock markets have reportedly lost about $ 16 trillion since the Corona crash, but the Tehran Stock Exchange index rose 4.25 percent to 965,403 on Sunday.
Meanwhile, on Sunday, the Saudi Commodity Exchange index fell about 7.4 percent due to the remarks of the Saudi Minister of Economy about a sharp reduction in budget expenditures due to falling oil prices!
Also on Saturday, Saudi Finance Minister Mohammed Jeddah announced that the Saudi government would have to take effective and, of course, painful measures to deal with the double shock caused by the outbreak of the corona virus and the fall in world oil prices. Billions of dollars for the government's heavy budget deficit.
Shares of more than 100 Saudi companies, especially banks and financial institutions, have now fallen by about 10 percent, but Aramco's share price has risen 5.2 percent due to a relative rise in oil prices.
However, according to the International Monetary Fund, the Saudi government needs to raise oil prices to about $ 76 this year to avoid budget deficits, but Brent oil prices are now around $ 27.
However, the Tehran Stock Exchange index has experienced a 90% growth since the beginning of this solar year, despite the spread of corona and declining oil revenues, and has caused surprise and, of course, experts' warning about the existence of bubbles in the stock market, which is undoubtedly this trend. Only with the right market control policies and government oversight will it be properly managed.
NOURNEWS
NOURNEWS