TEHRAN – A capital market analyst says that TEDPIX, the main index of Tehran Stock Exchange (TSE), is going to improve over the next 1.5 months in comparison to the first 1.5 months of the current Iranian calendar year (started on March 21).
Rouzbeh Shariati believes reaching a possible agreement on the nuclear deal, the stability of the national currency, as well as the less attractive situation of the parallel markets are the important factors that would contribute to the improvement of the capital market.
“Prospects of a political agreement and positive signals from Vienna have reduced the foreign currency exchange rates in the domestic market. The stock market, however, had already anticipated this agreement. In fact, the anticipation of the agreement has already caused the correction of prices in the capital market,” the analyst said.
Unprecedented fluctuations in the Iranian stock market over the past few months have led shareholders, experts, and scholars to call for the government to increase its support for the market, some shareholders want the government to guarantee the return of their stocks, some believe providing infrastructure is the best way to help this market.
Following the rising concerns over the market conditions, in early April, the Government Economic Coordination Headquarters, in its 216th meeting, approved some new directives for regulating the stock market.
Also in late April, senior officials including the parliament…