New comers should avoid direct investment in Iran stock market

Business Materials 23 May 2019 10:42 (UTC +04:00)

Tehran, Iran, May 23


Tehran Stock Exchange trade is impacted by recent political and economic developments; however, according to experts, this has not affected Iran's stock market and the trading is expected to be active.

CEO of Sepehrsaderat Financial Group Behrooz Khodarahmi told Trend in an interview that latest news and the drop in dollar exchange rate did not have serious effect on stock exchange.

"The drop of USD rate was not visible in the stock exchange and the growth rate in this market is still slow. Currently, due to government policies, risks in markets have been reduced," commented the expert.

A stock market analyst believes that main competitive markets have recently become disproportionate and this creates better opportunity for the stock market. "Many markets including housing, monetary and foreign exchange markets are under control and overloaded, and that create good conditions for the stock market," he added.

Responding to the question of what industry has more profits he said, "There is no good or bad industry in stock exchange. In every industry, there are companies with profit or loss; therefore, there should be correct analysis of investment and amateurs should not directly invest."

He noted, "The newcomers to the stock market can discuss investment issues with consultants or invest in special funds. The investors should have diverse shares to cover the risks and be successful in this market."

Tehran Stock Exchange index increased by 77 units on May 22. Equal weight index increased by 596 units. By the end of trading, auto industry had the highest traded shares, while banks and petrochemical industry ranked second and third.