Thursday, December 26, 2013

Iran Stocks Booming


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)

7 comments:

Shaikh Aziz said...

80$millon was not bad under sanctions. There is enough chance to surge further trade

B.M.A said...

to the chagrin of all false prophets of doom and ill wishers!

Anonymous said...

sanctions are not bad, sanctions are a Blessing
they push Iran to an non oil-export and industrialized based economy

shahana atuil said...

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Anonymous said...

If you trust the terrorist regime's rigged and corrupt "stock market" then send your money there and see what happens!

Anonymous said...

and if Iran doesn't make a deal with the West. the bubble will burst and the economy will melt.

Anonymous said...

If sanctions are a "blessing" then why has the regime started to talk with the US?
In 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.