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EFFECT OF U.S DOLLAR RATE SHOCKS ON TSE MAIN INDICES REACTION

Journal: Theoretical & Applied Science (Vol.22, No. 02)

Publication Date:

Authors : ; ; ;

Page : 88-95

Keywords : Dollar rate shocks; Tehran stock market; Technical analysis;

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Abstract

Evidence is presented that a change in the value of the Rial does not have a significant immediate nor lagged impact on the Iranian stock market as a whole. Using abnormal rates of return, Automobiles is the only industrial sector for which a two-year lagged relationship is confirmed. Overall, "the falling Rial" or the mighty Rial did not hurt the Iranian economy over the 2004-2014 period; it actually improved the stock market performance of several specific industries.

Last modified: 2015-03-07 16:57:02