Iran stock market efficiency 110% of rival markets

Business Materials 1 July 2016 19:49 (UTC +04:00)

Tehran, Iran, July 1

By Mehdi Sepahvand – Trend:

The efficiency of Iran’s stock market is 110 percent of the efficiency of its rival markets, Tehran Stock Exchange (TSE) Chief Mohammad Fetanat said, IRNA news agency reported July 1.

Speaking on the sidelines of a ceremony where the Iran Mercantile Exchange and the corresponding Pakistani body signed a memorandum of understanding, Fetanat said the advantage is testified by three-year statistics, showing that the stock market outdoes other markets, such as gold, housing, currency, and bank deposits.

When the incumbent government took office in 2013, the stock market index was 38,600, but now it stands at about 74,000, the official stated.

Regarding the Iranian mercantile market, he said the region’s population of 500 million provides a good market for Iranian-made goods.

Iran’s mercantile market offers a range of industrial, mineral, oil-related, petrochemical and agricultural goods.