According to reports EconomyOnline According to Iran, this year, due to the intensification of economic pressures, the atmosphere of the Iranian economy also changed, and with the jump in the exchange rate, especially in the first months of the year, competition between markets for capital and liquidity increased. While last year Stock market On its own, yields were skyrocketing and the foreign exchange and gold markets, followed by housing, were in relative stagnation, but tightening sanctions and declining foreign exchange earnings pushed the currency back into its uptrend, which affected all markets. Meanwhile, due to the growth of the exchange rate, prices in commodity markets such as automobiles, metals, home appliances and even basic goods and foodstuffs have grown significantly, and therefore temporarily, as was experienced in previous years, some Of these markets, especially the car, it also played a role as a market for investment and return.
However, there was major competition between the major investment markets. In the case of Capital Market In the first quarter of the year, its yield had reached 300 percent. From the last decade of August, the sheet returned to this market and was accompanied by high fluctuations and fluctuations for several months. At the same time, the growth of the exchange rate caused some investors to enter the foreign exchange and gold markets once again.
Ranking markets in return
An examination of the price indices of the five markets, including the stock market, currency, gold, housing and money (bank deposits) in the first nine months of this year, shows that despite the approach of competition in the return of these markets, the capital market is still at the top and returns first as in seasons. Preserves the past.
During this period, the Tehran Stock Exchange index with 180.5%, has had the highest average return for its shareholders. While on the last day of last year, the total stock index showed 512,900 units, on the last day of the autumn season and yesterday, this number reached 1,439,055 units, despite the recent decline, which increased by 926,155 units. it shows.
Although the price of gold in the Iranian market is mainly affected by the exchange rate, but due to the view of investors and less risk of gold against the currency, investors are more inclined to buy and hold coins and gold. Accordingly, in the first nine months of this year, the Azadi All Spring Coin, as the main benchmark of this market, has gained the second rank of profitability with a return of 95.7%. Thus, the price of 6 million and 28 thousand Tomans for each coin of the new design on the last day of last year has reached 11 million and 799 thousand Tomans at the end of autumn and has increased by 5 million and 771 thousand Tomans.
Meanwhile, each gram of 18-carat gold has increased by more than 529 thousand Tomans from 602 thousand and 600 Tomans at the end of March 1998 to one million and 131 thousand and 900 Tomans on December 20, this year, thus its return reaches 87.8%.
Although the exchange rate has experienced high growth in recent months, reaching more than 30,000 Tomans, but in general, the housing market has gained the third rank of return among investment markets. Considering that the official statistics of housing transactions have not been published in December yet, but in terms of reducing the acceleration of price growth in this market, assuming an average price of 27 million and 190 thousand Tomans per square meter of housing in Tehran in November this year and comparing it with The price of 15 million and 628 thousand Tomans in March of last year, which was reported by the Central Bank, we see a return of 73.9% in this market. Thus, the average price per square meter of a residential unit in the first 9 months of this year has increased by 11 million and 562 thousand tomans. According to the Central Bank, in November of this year, the number of residential apartment transactions in Tehran reached 4.5 thousand residential units, which shows a decrease of 48.4% compared to the previous month and an increase of 9.9% compared to the same month last year.
This month, the average purchase and sale price of one square meter of residential unit traded through real estate agencies in Tehran was 271.9 million rials, which shows an increase of 1.8 and 118.2 percent, respectively, compared to the previous month and the same month last year.
The foreign exchange market also ranked fourth with a return of 70.7%. While the price of each US dollar on the last day of last year was 14,903 tomans, this figure reached 25,449 tomans yesterday, which shows the growth of 10,546 tomans in the exchange rate. The euro rose 84.5 percent against the dollar during the period. So that the price of this currency has increased from 16 thousand 903 Tomans at the end of the previous year to 31 thousand 196 Tomans yesterday.
At the bottom of the market return table, as in previous years, is the money market or bank deposits, which has attracted the attention of risk-averse investors due to its fixed and risk-free interest rates. According to the latest resolution of the Monetary and Credit Council, the interest rate on one-year bank deposits was set at 16 percent and for two-year deposits at 18 percent.
Now, considering fixed-income investment funds, which typically have a return of between 18 and 22 percent, the average bank interest rate can be set at 20 percent, so that in the first nine months of this year, bank depositors have returned 15 percent.