Odd Lots What's Been Happening With the Iranian Stock Market
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Nov 13, 2023 Maciej Wojtal, a London-based fund manager specializing in Iranian stocks, offers insights into one of the world's most enigmatic markets. With ongoing sanctions complicating access to information, he discusses the Iranian stock market's recent performance amid geopolitical upheaval. Wojtal emphasizes the resilience of local investors, the market's potential growth, and the unique dynamics that shape it. He also highlights how Iran's economy is affected by volatility and the aspirations of its youthful population for reform and change.
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Tehran Stock Exchange Opacity
- The Tehran Stock Exchange is one of the most unfamiliar equity markets, largely unknown to most investors.
- Sanctions and geopolitical risks make it difficult to access data and news, creating an opaque market.
Iran's Economic Isolation
- Iran, a middle-income country with a large economy, remains disconnected from Western finance due to sanctions.
- This isolation limits conversations about its stock market, unlike more prominent markets like Saudi Arabia's.
Iran's Stock Market and Economic Potential
- Maciej Wojtal manages a fund investing in the Tehran Stock Exchange, a $250 billion market with 600+ companies.
- Iran's economy, currently around $200 billion, has high growth potential, possibly reaching $2 trillion.