Iran: Stock market to be able to compete with other parallel markets
(MENAFN) According to IRNA, Capital Market Analyst Soheil Kolahchi thinks the stock market will be able to contest with other parallel markets to obtain positive returns to investors in the second six months of the current Iranian year.
“The capital market can provide an acceptable return to shareholders and experience good growth compared to other parallel markets by the end of the year,” Kolahchi further declared stressing that the stock market can be one of the appropriate markets for investment in the second six months of the year.
The official also stated that “The stock market can grow by the end of the year as the prevailing environment for investing in other parallel markets (including the forex, gold, and housing markets) is calm and nothing special is going to happen in any of them.”
"The foreign currency exchange market is also experiencing slight fluctuations,” Kolahchi added, highlighting the severe drop in the number of deals in the housing market in recent months.
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