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Stock market expert outlines low-risk sectors in Iran

Business Materials 4 June 2020 16:07 (UTC +04:00)
Stock market expert outlines low-risk sectors in Iran

TEHRAN,Iran, June 4

Trend:

Iran's stock exchange market continues to expand and attract more people to invest, as alternative to other markets, Mostafa Omid Qhaemi told Trend.

"In recent months the stock exchange had a considerable growth and liquidity flooded the market," he said.

"The general mood in the market is still positive, on the other hand the increase of the USD rate has caused people to also invest in gold coin market, while the bank interest rate continues to decline," he said.

He added that some stock companies in Iran haven't released reports on their three-month activity, so considering global recession, there have been fluctuations in the basic prices of goods.

Qhaemi said that some companies have different data, compared to forecasts for the last Iranian year (began March 21, 2019), so people should be cautious when investing in them or buying their shares.

"Petrochemical and steel companies currently have capacity to make profit, so these are the low-risk industries as far as stock exchange activity goes," he said.

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