Tehran Stocks’ Rollercoaster Ride With JCPOA

Tehran's stock market is no stranger to systematic risk stemming from political turbulence.
The primary political risk faced by stocks in recent years is arguably the fate of Iran's nuclear deal reached in July 2015, formally known as the Joint Comprehensive Plan of Action, ranging from the ups and downs of negotiations, the signing and lifting of sanctions that promised a new era, and now the prospect of it being scrapped.
Tehran Stock Exchange's TEDPIX has acted as the economy's barometer throughout the period, as investors contemplated Iran's future, and relative to the index, different industries posted varying returns.