Markets in Brief 10.08.2018

After ten days of continuous rising at the Tehran Stock Exchange (TSE), the market fell considerably on Wednesday and TSE’s main index, TEDPIX, fell by 2063 points, i.e. 1.5 percent.

Over a period of ten days, several industries experienced growth and some prices surged up to 50 percent. In general, the return over most of shares was 20 to 30 percent.

On Monday the government introduced its new foreign currency policies which permits all industries to use the market exchange rate to buy and sell foreign currencies. Only Food and Pharmaceutical industries are entitled to use the lower exchange rate for import.

However, since further details are yet to be clarified by authorities, uncertainties pulled investors back on the last couple of days. See the charts above.