Tehran Stock Exchange (TSE) on Tuesday reached 39,000, a new record. Mobarakeh Steel Company of Isfahan led the industrial sector, followed by Isfahan Refinery, Parsian Oil and Gas, and Melli Mes (copper). The markets opened on Monday after Iranian New Year holiday. (Tabnak, 27 March)
File photo: TSE (IRNA)
File photo: TSE (IRNA)
This is obviously a local and international sigh of great confidence in Iranian economy and its great future. Despite all impediments Iran is powering ahead as its non-energy sector also has increased very impressively. Despite the wishful rants of a few nutters, most Asian nations, particularly China and India are very dependent on Iranian energy resources and their imports have increased by over 80% since last year. They along with Iran have also instituted a very cost-effective insurance scheme for oil tankers which is almost half of western Zionist owned rip-off insurance companies. Iran's nominal GDP now on PPP is closer to $20,000 and it is well with the G-20 nations if accurately measured on a non-biased basis. All of this a glowing testament to the resilience and ingenuity of Iranians and the great revolution.
As Mark has kindly been posting articles and pictures, this confidence in Iran's economy is translating into the great construction and infrastructure boom underway all over the country. It is no coincidence that Iran is the regions largest cement and steel producer. IRAN PAYENDEBAD.
Nobody is dependent on Iran for anything. The fact that an expressway and bridge fills you with pride shows just how sad you are.
There are a number of reasons for the TSE hitting a record high. The construction boom is definitely one, pushing related stocks higher. Iranian businesses are still under-valued and the market could go even higher. But probably the more important factor is the fact that the investors (businesses, funds and rich individuals) have not much choice to park their cash than the stock market. For the sake of argument, let’s say the sanctions are lifted in 2014 and the Iranians re-start investing in foreign holdings. TSE index could go down dramatically. That wouldn’t mean that the world has less confidence in the Iranian economy then. Let’s not read things in the rising stock market that has no direct relations with the state of the economy or the global perception of the Iranian economy.
The rising stock market will be a huge plus for Iranian investors. It will have effect on the economy, as those large businesses can raise more money. But it could reverse course in near future. Risky business to read too much into a non-linear relationship.
Nader, when and if full sanctions are lifted, there will be so much foreign investments money going into iran, that it will dwarf any inevestment outflows. If anything now is the time to buy on the TSE and smart business men are already doing that.
a surge in TSE is the effect of free market base economy,plunge in rial.iranian exports have increased and falls of imports.i expect good prospect of local industries.thank u sanction
Except that the current economic situation in the country is not market-economy based, but sanctions-based. The imports have fallen not just because the dollar has become expensive, but for example the UAE's re-export to Iran has plunged by 31% because of sanctions in banking transactions with Iran. Exports have not risen, not because rial is not cheap, but due to the same financial transaction difficulties with the outside world, hence the severe problems facing the Iranian export industries. Lifting of sanctions will correct those problems and bring the transaction closer to free market economy.
Can't help but laugh at the pacifists such as Anon 7:57 B-]
Thats the economical part Nader. But I foresee an political problem, and correct me if I'm wrong, but even if the US and Iran could forge an deal, how and when will those sanctions be relieved? Legally or in practice. If I'm correct, US Congress is quite anti-Iran, more strongly than their government is?
I believe the Congress would go for it and the president can also uses executive powers on matters of national security.
Mr. Uskowi Sir, you seem to have developed a new attitude, towards Iran? it seems as though you have hope for a bright future, for its people,you speak of the lifting of sanctions as though you actually want it to happen. I must say its good to see a change in your behaviour towards the Iranian People.
The Republican party (who controls the House but not the Senate) is very pro-Israel and, therefore, anti-Iran. But the President controls foreign policy, and the Democrats are much more reasonable in almost every respect.
Brother Uskowi has seen the light and the color of Iranian money. It is good to see Iranians uniting for a bright future and strong Iran which is its manifest destiny as a great power and as heirs to the greatest civilization the world has ever seen. Governments come and go but our beloved Iran-Zamin will last till eternity.
Uskowi has not changed! HE IS THE SAME SMOKING GUN REGIME CRITIC! -we have waited for him for some long time to give his position on the islands claimed by the western stooge of UAE!-and we are still waiting!.
how are the democrats more reasonable don't fool yourself, the only people that oppose sanctions on Iran are currently in the republican party with figures such as Rand Paul, agreed the majority of republican politicians advocate a very pro-Israel line that rhetorical is more pro-Israel then the democrats but both parties are bought and sold by AIPAC and Likud, among the democrats there is no movement to increase ties with Iran while in the republican party there is a growing group that is anti-war and could take over the party in the future
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