Iran Capital Market YTD Return Placed First
* Stocks accelerating price growth over the past month (22 Nov.- 23 Dec.) put the overall index YTD return at 23.7%, making Iran Capital Market in general and the stock market in specific as the top investment alternative in the country; this growth is mostly attributed to global commodities and Forex price roar; this market has also posted an 11.3% growth over the fall. Although in this regard, the All-Share index registering record highs along with the Central Bank of Iran severe regulation over lowering the interest rate should not be underestimated. All in all, 27 listed sectors experienced growth over the said period led by IT & Communication space (30.1%), followed by Iron Ore, Paper Products and Metals groups with 21.2%, 17.8% and 15.6%, respectively. Chemicals and Oil Products space also posted 7.9% and 6.6% growth as well.