Business And Markets

Iran: Stock Market Outperforms in Q1

Iran: Stock Market Outperforms in Q1Iran: Stock Market Outperforms in Q1

A report by Tehran Chamber of Commerce, Industries, Mine and Agriculture shows the stock market was among the top-performing market during the first quarter (March. 21-June. 20) of the current fiscal year compared to the Q1 of the previous year (March 2018-19). 
Based on data released by the Central Bank of Iran, the report examined the performance of gold, foreign exchange, real estate and capital markets during the period. 
TCCIM presents data on the performance of capital market based on base index of 100 points in the year 2016-2017 (2016-17=100).
Accordingly, the value of equities traded in the capital market jumped from 90.9 points in the spring of last year to 502.1 points, registering a whopping annual growth of 452.4%.


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