Tehran Stock Exchange
(TSE) has soared 133 percent this year following the June election of Hassan
Rouhani and the interim nuclear agreement with world powers. Bloomberg
said TSE’s record-breaking performance was first among the 93 major global equity
markets in terms of return.
“Iranians are pulling out of assets that had become the conventional stores of wealth in the Islamic Republic – gold, dollars and real estate – to free up cash to invest in the stock market,” Bloomberg quoted Tehran-based investment boutique Turquoise Partners. (Bloomberg, 26 December)
Trading in TSE is surging, with $200 million worth of shares changing hands on average each day this year. That’s up from $80 million in the previous year. Bank and oil services companies have been among the biggest gainers at TSE.
Photo credit: Tehran Stock Exchane (Bloomberg)
“Iranians are pulling out of assets that had become the conventional stores of wealth in the Islamic Republic – gold, dollars and real estate – to free up cash to invest in the stock market,” Bloomberg quoted Tehran-based investment boutique Turquoise Partners. (Bloomberg, 26 December)
Trading in TSE is surging, with $200 million worth of shares changing hands on average each day this year. That’s up from $80 million in the previous year. Bank and oil services companies have been among the biggest gainers at TSE.
Photo credit: Tehran Stock Exchane (Bloomberg)
80$millon was not bad under sanctions. There is enough chance to surge further trade
ReplyDeleteto the chagrin of all false prophets of doom and ill wishers!
Deletesanctions are not bad, sanctions are a Blessing
ReplyDeletethey push Iran to an non oil-export and industrialized based economy
If sanctions are a "blessing" then why has the regime started to talk with the US?
DeleteIn case you forgot the sanctions of "blessing" was destroyng the "non oil-export industrialized based economy". The auto industry was one good example of that. So less of your BS.
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ReplyDeleteIf you trust the terrorist regime's rigged and corrupt "stock market" then send your money there and see what happens!
ReplyDeleteand if Iran doesn't make a deal with the West. the bubble will burst and the economy will melt.
ReplyDelete