The best opportunity to buy into the bull market in #Iranian equities since early 2019? 1. Stocks are oversold after a sharp pullback

Index down 47% peak to trough in USD (bazaar rate) over last 2 months. Numerous single stocks sold off by more than 65% in USD. Broad equity market is up 84% yoy, up 131% over the last 3 yrs and continues its long-term bullish trend

1/ "#Iran’s stock market outstrips global rivals" - timely update from @FinancialTimes although the article highlights only the drivers of that last year's rally, i.e. exporters of petrochemicals, steel, metals, which obviously benefitted from USD strength
ft.com/content/62c734… @FinancialTimes 2/ This year consumer-oriented industries are top performers with confectioners, retail and distribution, and beverages leading the way with YTD returns of 400% or more. Diversified chemicals, metallic ores, and steel industries are actually among the worst performers in 2019