Tehran Stock Exchange All-Share Index
– After a combination of USD/IRR, crude oil and global metal prices rise (mostly arising from OPEC severe control on oil supply and China economic and environmental policies) accompanied by stricter regulations and supervision with regards to lowering interest rate on banking deposits in the country, many are questioning whether this ascending trend of Tehran Stock Exchange will continue in the foreseeable future or not. With the All-Share Index hike over the past 5 months, which benefited investors with a more than 20% return, the Metals space registered a performance of 45%, which followed by the Oil Products space and Iron Ore groups posting 44% and 43% return over the said period; the Chemicals industry also offered an above 35% return. Many believe that a sharp and heavy correction is not expected in the global markets, which multiplied by the expected increasing trend in US dollar price until the end of the current Persian calendar year will keep our hopes up in regard with the market growth. It is worth mentioning that the Automotive and Pharmaceuticals industries are the two lagging behind the TEDPIX, which are usually assumed to experience a relative growth at this time of year when their AGMs are being held.