Posted inBeijing, China, France, Germany, Iran, Iraq, Italy, Middle East, Syria, World

Iran stock escape numbs sanctions pain

The Tehran Stock Exchange Index was up 10% in local-currency terms in July for a 25% year-to-date gain, as retail investors desperate for outlets parked savings there as the rial lost half its value against the dollar with the first stage of US sanctions reactivation. Valuations with low-single-digit price-to-earnings ratios and double-digit dividend yields were […]

%d bloggers like this: