Market Overview 2
The Tehran Stock Exchange ended the month of November with a 0.5% fall by its main index
leading to a year to date performance of -9%. The continued rout in the global commodities and
oil markets were contributing factors towards the negative atmosphere in the market this month.
On the upside, trading volumes reached $643 million in November showing a 32% increase
in comparison to the past month. With an increase of 2.8%, Pharmaceuticals were the best
performing group in terms of market cap amongst the 10 largest industries. This jump can be
traced back to optimism towards the removal of sanctions which may potentially lead to lower
transaction costs and eventual better outlook for trade.
'via Blog this'
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