More than 77 percent of Iranians who invested in the Tehran stock exchange in the last two years have lost money, a survey conducted by ISPA in Iran revealed on Monday.
The report says that more than 20 percent of people in the country invested in the stock market, as the national currency began losing value when the United States pulled out of the 2015 nuclear deal in 2018.
But only eight percent of investors say they made a profit and 15 percent basically broke even.
In April 2017, Iran’s stock market index stood at less than 100,000 points but with the specter of US sanctions and economic downturn the index jumped to 500,000 by April 2018.
This clearly showed that people looked for shelter to protect their cash as the national currency nosedived.
Last fall, the stock index surpassed two million points, as the government began selling its assets on the stock market and encouraged people to invest.
Then the market lost around half of its value. After it recouped some of its losses, it now stands at around 1.3 million points. The 13-fold rise in four years does not mean people made much profit as many entered the market too late in the game.