Iran stock market index will grow

Business Materials 27 January 2020 14:10 (UTC +04:00)
Iran stock market index will grow

TEHRAN, Iran, Jan.27


The released reports of Iran's stock market companies indicate that trading in past nine months was effected by short recession and was less than investors expected, said a capital market expert.

"However, the rise of stock index has been continuing to grow since last week," said Homayun Darabi, Trend reports citing IRNA.

"The stock company's profit report for the past nine months released last week shows that production of companies this month that will effect the market," Darabi said.

"Thus, there is hope for a positive report of stock company’s trading in the remaining three months of current Iranian year (began March 21, 2019)," the expert added. "The stock index increased by 3 percent in last week, it is expected that due to rise of liquidity, future trading will be promising."

"Considering the good liquidity situation in the market and the reform of price, trades will have better condition. The market will be balanced in the coming week due to liquidity and recession in parallel markets," Darabi said.

"Furthermore, bank and auto group also had good condition in the past two weeks," he added.