Markets in Brief 07.12.2018

Tehran Stock Exchanged started the week with deep fall. Its main index, TEDPIX, fell by 3,918 points. However, the following two days turned to be extremely positive for the market and TEDPIX gained more than what it had lost.

It seems that fall prices in in the global oil market are the main drive for pushing prices down in Iranian stock market too. Reasonably, largest Iranian listed companies are in oil and petrochemical field.

However, the recovery in the market was mainly due to positive global reaction toward US-China trade relationships. Although Iranian market is quasi cut from the global market, still it shows immediate and strong reaction to changes.

All in all, TEDPIX grew by 1.9 percent over the week. For tops and flops, see the charts above.