Iran Capital Market Monthly Wrap!
Finally and after 4 months of continuous corrective movement of Iran Capital Market, the major index, TEDPIX of Tehran Stock Exchange turned green. It seems with a more stable political outlook and a better than expected hopes over the general recovery of the Iranian economy, the negative sentiment on equities are about fade and the market will rise and shine once again. Eyeing the new consensus report of market top analysts, it is obvious that the expected EPS for most of market sectors have lifted up compare to the September report. Moreover, most analysts believe a stable environment on other parallel markets, housing – FX – gold, which favors the sentiment over the capital market.
