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Code: 51576 Visited: 131 Publish Date: Sep 08 2018 - 9:39
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Capital Market
Equities, the Most Attractive Investment Destination
Tehran, Sep. 08 (SENA) - Considering the ongoing depreciation of the Iranian rial, many expect to witness its inflationary effect on other markets including the equities with a time lag.

Tehran, Sep. 08 (SENA) - Considering the ongoing depreciation of the Iranian rial, many expect to witness its inflationary effect on other markets including the equities with a time lag. In this regard, Mehdi Tahani, Board Member in Agah Brokerage Firm, mentioned that the capital market could be the top choice for those who have a long-term plan, wishing to save the value of their money. “Statistics of the past ten years shows that, on average, the performance of capital market beats that of alternative markets like gold, real estate,” he added.

Tahani referred to the half-yearly financial reports of listed companies, where the Iranian rial depreciation and elevating inflation have led to higher products’ prices. Moreover, the exporting companies are now allowed to sell their foreign currencies in a designated market, where there is a price discovery mechanism. This brings them additional revenue in the coming months. Other industries e.g. food and beverages used to sell their products at a discount, but now have increased their prices with no more discount.

Tahani also noted that with the next round of US sanctions looming in two months’ time, the volume of exports will decline, but the higher prices will compensate the lower sale volumes. Tahani emphasized that when there is turbulence in the markets, institutional investors rarely support the trades and Market Stability Fund is probably the only agent that partially controls the excessive movements.

 Tahani concluded that if there are no extraordinary geopolitical incidents and if the trade war is not exacerbated, the capital market would remain to be the most attractive investment option.

 
By: Security and Exchange News Agency (SENA)
 
 
 
 
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