Baku, Azerbaijan, Dec. 26
By Khalid Kazimov - Trend:
The value of shares traded in Tehran Stock Exchange between October 23 and November 22 has decreased by 67.9 percent compared to the same period last year.
Recession in Iran Capital Market also continues and the indexes have fallen over the past year, Tabnak news agency reported Dec. 26.
Concerns over the unclear prices of the petrochemical feedstock, rumors over the rate of banking interests and the increase of the mineral royalties are among main reasons behind the fall of the value of shares traded in the market.
Contrary to the expectations, stock exchanges in Iran including the largest one, Tehran Stock Exchange, have been bearish over the past months. However the ongoing political process between Tehran and the world powers may create hope for international investors to reap fat profits.
Iran expects the international sanctions imposed by west on its financial and industrial sectors to be lifted in early 2016 as it is adhering to the terms of a milestone nuclear accord inked between Tehran and the world powers in July.
Meanwhile, lots of foreign investors hoping for big profits and Iran planning to renew its ageing industry, ailing economic system have conducted meetings, in preparation for the lifting of international sanctions.
According to monthly briefing released in November on its website, 318 companies as well as 37 factories were listed on Tehran Stock Exchange in 37 sectors.
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