Document Type : Science - Research (Islamic Capital Market)

Authors

• Mohammad Hosein Shoaee ¹
• Amirmohammad Sfahani ²

¹ Assistant Professor, Department of Culture and Communication, Faculty of Islamic Studies, Culture and Communication, Imam Sadiq University, Tehran, Iran

² M.A. Student, Islamic Studies, Culture and Communication Faculty, Imam Sadiq University, Tehran, Iran

Abstract

The capital market in any country is one of the symbols of economic prosperity or recession. In the period between September 2019 to August 2020, despite the economic recession in the country, the Iranian capital market experienced a growth of more than one million and five hundred thousand units in its index. One of the reasons was the encouragement offered by government officials headed by the then president Hassan Rouhani to enter the stock market. The unprecedented inflow of liquidity into the stock market and government support led the index to a remarkable growth in a short period of time. From early August 1399, the Iranian capital market began to decline; the index dropped from close to two million to about one million units. This was a shocking 50 percent drop in less than ten months, while the government still encouraged people to continue their presence in the capital market and promised that the situation would improve. This article seeks to analyze the speeches of the 11th and 12th president regarding the stock market throughout his administration and extract the basic signs of his discourse regarding the stock exchange by relying on prominence theory and Padam discourse analysis method. The findings indicate the existence of intra-discourse contradictions in three areas of the stock exchange and the government, the stock exchange and the economy, and the stock exchange and the people.

Keywords

• Capital Markets
• People
• Discourse Analysis
• Agenda Setting
• Government

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