Baku, Azerbaijan, Feb. 6
By Khalid Kazimov – Trend:
Some 200 companies listed on the Tehran Stocks Exchange (TSE) have witnessed a 12 percent growth in profit over a nine-month period (since March, 20, 2016) year on year.
The head of TSE, Hassan Qalibaf, has said that the 200 TSE-listed companies have covered about $6.8 billion in profit in the mentioned period, Ibena (Iranian banks and economy news agency) reported.
Some observers, however, suggest that the lack of clarity over the currency market and banking sector, combined with other uncertainties such as the direction of global oil prices and political headlines, have weighed on equity markets in the mentioned period.
Turquoise Partners, an Iranian financial-services group, has suggested that the country’s equity markets gave back a small portion of their year-to-date gains by registering a loss of about one percent in December in US dollar terms.
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