Markets in Brief 17.08.2018

After weeks of rising, Tehran Stock Exchange (TSE) took a downhill path this week. Although the new monetary policies which permit all sectors to use the market exchange rate could potentially attract investors toward the export-oriented industries such as petrochemicals, but uncertainties have instead pushed them back. The feedstock prices for petrochemicals are yet to be announced by the government and this factor is crucial to determine profitability at this sector. TSE’s main index, TEDPIX, lost 1045 points, i.e. 0.8 percent over this week and reached 130477 point on Wednesday.