Page 47 - IRANRptOct22

8.3 Stock market
Iranian stock market investors hit by losses hold protest outside parliament
A group of Iranian shareholders who have suffered losses in recent months on January 20 mounted a protest outside Tehran’s parliament building, claiming that government policies led to a decline in stock prices, Radio Farda reported.
Some of the protesters reportedly chanted slogans against Iran’s president, Ebrahim Raisi, calling him a liar, according to amateur videos posted online. There have been several similar protests held by stock market investors in Iran in recent months. At each demonstration, the protesters have pointed to government policies as responsible for losses. The Raisi administration has promised to deal with the market swings.
Volatility in Iranian share prices has in part been caused by uncertainty over where the ongoing Vienna talks aimed at reviving the nuclear deal between Tehran and world powers are heading.
On January 20, US Secretary of State Antony Blinken said that the talks to revive the nuclear deal, or JCPOA, have reached an "urgent" point following "modest progress" in negotiations.
"There is real urgency and it's really now a matter of weeks, where we determine whether or not we can return to mutual compliance with the agreement," Blinken told reporters.
Iran - Financial market Apr 2022 Sep 2021 Apr 2021 Nov 2020 Jan 2020 Jun 2019
Equity market index: Tehran Stock Exchange (TEDPIX)
1,542,711 1,437,022 1,207,850 1,350,899 427,139 248,533
Market capitalisation: % of GDP
96.1% 157.3% 59.2% 32.6% 23.9% 25.6% (2021) (2020) (2019) (2018) (2017) (2016)
Market cap: Tehran Stock 1,220.9 1,283.03 1,150.64 1,366.55 327.20 224.85 Exchange (TSE) (USD bn)
PE ratio: TSE 380.0 9.61 13.33 22.56 8.60 8.41 Source: CEIC
47 IRAN Country Report October 2022 www.intellinews.com