bozorgmehr
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One of the unintended consequences of the sanctions. Poor USsraelis just can't win... hehe
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Tehran Stock Exchange reaches historic high
Source: Tehran Times
The main index of the Tehran Stock Exchange (TEPIX) hit a historic high at 31,336 point on Wednesday. The Tehran Stock Exchange increased 121 points on Wednesday, while the industry index climbed 131 points, reaching 26,321.
Source: Tehran Stock Exchange
The Tehran Exchange Market's value has increased steadily in current year despite U.S.-led sanctions on Iran's economy.
While the stock markets of the Middle East and North Africa region saw a very poor year in 2012, Tehran Stock Exchange experienced an unprecedented growth, leading the financial markets of the region.
???? ???? ????? ?????? ????? :: Tehran Stock Exchange :: TSE
Sanctions against Iran have done nothing to dent a boom in its stock market, as investors bet on a continued rise in company stocks which have been undervalued for years.
The index has now posted a very high jump since March 20, when it reached 12,537 points on the last day of the Iranian year.
Tehran Stock Exchange reaches historic high
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Tehran's stock market hits new high - thank you sanctions!
A bit of news that you will not probably hear coming out of the Western media is that the Tehran Stock Exchange has hit an all time high in the last days. The market closed today at 30615.7 points on the TEDPIX which is a combination of around 400 companies in a diverse line up of industries.
Back in August 2010, I wrote an article for another site where I predicted a bright future for the market based on fundamentals and the fact that Iran's large economy meant that the stock exchange had not yet reached its potential.
Today Ali Sahraei the deputy for the Tehran Stock Exchange talked to Iranian media on this new historic high for the market and the reason for it is also the same reason that the Western media will ignore this bit of news - sanctions causing the drop in the value of the rial.
The rise has come because companies that export non-oil products are seeing huge profits and windfalls in their sales as they can now sell their foreign currencies in Iran for a huge profit as opposed to before.
Companies showing the most profit, are mostly in pharmaceutical, petrochemical and steel businesses.
Especially companies that have no need for imports are seeing profits increasing upwards of 80% compared to last year. For example cement, a product that is needed heavily in developing countries like Iraq, Azerbaijan, Afghanistan are big importers of Iranian cement. Cement is one of those products that needs almost no imported resources as they use local rocks and dirt and use low cost energy prices in comparison to their rivals abroad.
Iran's non-oil exports have seen a huge rise in the last years with either this year or next being a historic one. It will mark the first time in Iran's modern history when Iran will be exporting the same amount value as it imports. This means that even if Iran stopped oil exports (or the black curse) it could still function as it would have enough foreign currency to pay for its import bill. No other oil exporting country apart from Norway can say that.
Iran's stock market is not a small one either, it is the largest in the Middle East with a market value of around 120 billion dollars (official exchange rate).
The Real Amir Taheri: Tehran's stock market hits new high - thank you sanctions!
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Tehran Stock Exchange Index hits record high - Iran´s income higher than spendings - YouTube
=========================================================================
Tehran Stock Exchange reaches historic high
Source: Tehran Times
The main index of the Tehran Stock Exchange (TEPIX) hit a historic high at 31,336 point on Wednesday. The Tehran Stock Exchange increased 121 points on Wednesday, while the industry index climbed 131 points, reaching 26,321.
Source: Tehran Stock Exchange
The Tehran Exchange Market's value has increased steadily in current year despite U.S.-led sanctions on Iran's economy.
While the stock markets of the Middle East and North Africa region saw a very poor year in 2012, Tehran Stock Exchange experienced an unprecedented growth, leading the financial markets of the region.
???? ???? ????? ?????? ????? :: Tehran Stock Exchange :: TSE
Sanctions against Iran have done nothing to dent a boom in its stock market, as investors bet on a continued rise in company stocks which have been undervalued for years.
The index has now posted a very high jump since March 20, when it reached 12,537 points on the last day of the Iranian year.
Tehran Stock Exchange reaches historic high
============================================================================
Tehran's stock market hits new high - thank you sanctions!
A bit of news that you will not probably hear coming out of the Western media is that the Tehran Stock Exchange has hit an all time high in the last days. The market closed today at 30615.7 points on the TEDPIX which is a combination of around 400 companies in a diverse line up of industries.
Back in August 2010, I wrote an article for another site where I predicted a bright future for the market based on fundamentals and the fact that Iran's large economy meant that the stock exchange had not yet reached its potential.
Today Ali Sahraei the deputy for the Tehran Stock Exchange talked to Iranian media on this new historic high for the market and the reason for it is also the same reason that the Western media will ignore this bit of news - sanctions causing the drop in the value of the rial.
The rise has come because companies that export non-oil products are seeing huge profits and windfalls in their sales as they can now sell their foreign currencies in Iran for a huge profit as opposed to before.
Companies showing the most profit, are mostly in pharmaceutical, petrochemical and steel businesses.
Especially companies that have no need for imports are seeing profits increasing upwards of 80% compared to last year. For example cement, a product that is needed heavily in developing countries like Iraq, Azerbaijan, Afghanistan are big importers of Iranian cement. Cement is one of those products that needs almost no imported resources as they use local rocks and dirt and use low cost energy prices in comparison to their rivals abroad.
Iran's non-oil exports have seen a huge rise in the last years with either this year or next being a historic one. It will mark the first time in Iran's modern history when Iran will be exporting the same amount value as it imports. This means that even if Iran stopped oil exports (or the black curse) it could still function as it would have enough foreign currency to pay for its import bill. No other oil exporting country apart from Norway can say that.
Iran's stock market is not a small one either, it is the largest in the Middle East with a market value of around 120 billion dollars (official exchange rate).
The Real Amir Taheri: Tehran's stock market hits new high - thank you sanctions!
==============================================================================
Tehran Stock Exchange Index hits record high - Iran´s income higher than spendings - YouTube
