Iran Investment Monthly courtesy #TurquoisePartners

Market Overview
The downward movement of the Tehran Stock Exchange (TSE) continued at a slower pace in
comparison to last month. After the widespread stock price declines of the past three months,
which pushed the market average P/E to below 5, investors began to buy back some over-sold
stocks. This helped the TSE market to stabilize to some extent. Two major IPO’s took place that
absorbed over $375 million of liquidity from the market.

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