Forty-Four Percent Profit from Stock Transactions in Iran?

In Iran, media outlets have reported a forty-four percent profit from stock transactions on the Tehran Stock Exchange. The newspaper Hamshahri states that last year, three hundred sixteen thousand people bought one billion seven hundred five million shares on the Tehran Stock Exchange, valued at seven trillion eight hundred thirty-one billion rials, and on average, made a forty-four percent profit. In the United States, Dr. Siamak Shojai, an economist and Iranian head of the Business and Economics Department at the State University of New York, in response to the question of whether these figures indicate that investors have found a suitable place for investment in Iran, states that the ambiguities in last year's performance report of the Tehran Stock Exchange are more than enough to prevent a clear and accurate picture of stock profitability in this exchange. Dr. Shojai also believes that economic evidence and reasons do not support the reported forty-four percent profit in Iranian media. More details will be heard from this week's economic program, which also includes explanations from Ali Pakpour, an Iranian currency trader residing in London, regarding the government's failure to fulfill its promise of unifying exchange rates this year, including a rate of seven hundred seventy tomans for the US dollar.