The value of the Tehran Stock Exchange is 166 billion dollars/ the country’s oil revenues are one third of the stock market value!
According to Tejarat News, the dollar value of the stock market is obtained by dividing the market value (the market cap of all companies listed on the stock exchange and over the counter) by the free dollar. Of course, in another type of calculation, experts also obtain the dollar value of the market by dividing the market value by Nima dollars.
Tehran Stock Exchange ended the second working day of September with a different face compared to its previous days. The trading flow of the first day of the week brought the index to a height of 1,993,000 units with an increase of 46,517 units.
The ups and downs of the stock market in the fifth month of the year
The month of August started with the hope of the people of the stock market for the performance report of the companies. For this reason, the experts predicted from the middle of July this year that the next wave of the glass hall’s indexers will be launched in August.
The performance reports of the three months ending in June 1402 of the listed companies, which were in the system at the beginning of August Kodal was published, it indicated that most of the industries were faced with the jump in profit making of the companies.
With the beginning of August, the criticism of the feed rate increase increased. Therefore, the market had a positive interpretation of the parliament’s protest against the government and found a chance to breathe. However, on the one hand, the actions of the parliament did not lead to any practical results, and on the other hand, the dark shadow of negative news on the market, including baseless rumors such as the suspension of the activity of the commodity exchange, did not allow the growth of the indexers of the glass hall.
What the majority of experts agree on regarding the state of the capital market these days is the price take stock It has reached appreciable limits. But the point that is less paid attention to is that the value of prices does not necessarily mean the start of an upward trend. Because changing the trend requires more factors. Inflow of money is the most important factor. When there is no money in a market, there will be no upward movement.
The flow of real money in the stock market will be positive only when the investment security index is evaluated high. Currently, successive bitter experiences of ill-considered and unexpected decisions have sent a lot of mistrust to the market.
Dollar value of Tehran Stock Exchange and its comparison with Iran’s oil income
The floor of the dollar value of the stock market, after the rapid upward trend of the market in 1999, has experienced its lowest level on March 6 of last year. The floor of 128 billion dollars of the stock market was formed as a result of the jump in the value of the American banknote against the Rial and setting a historical record of 60,500 tomans.
Currently, the dollar value of the stock market is in the range of 166 billion and 671 million dollars. This calculation is based on the price of 49 thousand and 80 Tomans.
Although it is better to compare the dollar value of the Tehran Stock Exchange with the stock exchanges and market cap of foreign companies, but just to better understand the dollar value of the stock exchange, a comparison has been made with Iran’s oil income in 2023. According to the US Energy Information Administration, Iran’s total oil revenue in the first five months of 2023 is estimated at 19 billion dollars. This figure places Iran in fifth place among OPEC members in terms of income. Saudi Arabia ranks first with $101 billion in the same period. After that, the countries of Iraq, UAE and Kuwait have earned the highest oil income among the OPEC member countries with 41, 41 and 32 billion respectively. It should be noted that last year, Iran earned 54 billion dollars from the sale of oil.
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