Tehran stock market could remain strong despite Iran's economic downturn
Now might be a good time to list companies on Tehran’s booming stock exchange.
The benchmark Tehran Stock Exchange index managed to break above its all-time highs just before the Iranian fiscal year ended March 19. The annual total return reached a whopping 187%, registering the highest annual growth in the exchange's existence. Interestingly, the equal-weighted index, the barometer applied to measure the performance of micro-size listed companies, rocketed up during the same period by 437%. This all occurred at the same time that the activity of firms faced macroeconomic risks due to major setbacks facing the overall Iranian economy.
The TSE's trend is set to continue in the current fiscal year despite the downward effects of the coronavirus outbreak. However, the stock market may not enjoy the luxury of climbing as much.
