‘Stock market will spend last months of this Iranian year calmly’

December 30, 2020 - 13:56

TEHRAN- The vice-chairman of Tehran Stock Exchange (TSE)’s board of directors said that the stock market will spend the last months of the current Iranian calendar year (ends on March 20, 2021) calmly.

Mentioning investigation of the periodical (six-month and nine-month) reports of the companies’ performance, Javad Eshqi-Nejad said that given the foreign currency exchange rate situation and the appropriate sales volume, in this period, almost the expectations of listed companies have been met and positive results have been provided for the capital market.

Regarding the continuation of the stock market trend in the next three months, he said: “In this regard, the main issue is political relations and international behavior; We seem to be achieving good results in the international arena.”

While predicting that the stock market will be calm in the last months of this year, he said: "But for the next year, according to the budget, we may face new events whose analysis can have special effects on various industries; in a way that these effects may be associated with some industries for the next 2-3 years.”

MA/MA

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