Tehran Stock Exchange (TSE) passed a very positive week. Indeed, the best week since January 2018. The shock after the exit of the US from nuclear deal seems to be over. Unlike previous months that the industries related to commodities were continually positively enhanced, this week, it was the turn of the smaller industries to become the leader at the market. Mining subgroup index, Construction subgroup index, Sugar industrial index grew 11.3%, 8.9%, 8.4% respectively. TSE’s main index, TEPIX, grew 1.33 percent respect to a week ago and closed at 94,940 points on Wednesday afternoon. See the charts above.
Since the middle of last week, the capital market seems confused and its dropping trend continues. In addition to the reforms in the FOREX market, the question remains as to whether the US will abandon […]