What's Been Happening With the Iranian Stock Market
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 13 November 2023
⏱️ 43 minutes
🧾️ Download transcript
Summary
Back in 2020, we spoke with Maciej Wojtal, a London-based fund manager who specializes in Iranian stocks. This market is one of the most unfamiliar in the world and most investors can't even look up where the country's shares are trading given ongoing sanctions. Of course, there's also constantly changing geopolitical risk, which has only picked up in light of the Israel-Hamas war. In this episode, we find out what's been going on with Iranian stocks in the midst of the recent upheaval and dig deeper into its overall economy after years of isolation from the Western world.
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Transcript
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| 0:00.0 | Join us in New York on November 29th for the Bloomberg Canadian Finance Conference, |
| 0:04.6 | proudly sponsored by National Bank of Canada Financial Markets. |
| 0:07.8 | 2023 marks the 11 year anniversary of our Canada focused event and continues the tradition of providing timely |
| 0:13.8 | insights and actionable strategies. We'll have senior government |
| 0:17.1 | officials from Saskatchewan, Quebec, British Columbia, Alberta and Ontario as well |
| 0:21.9 | as speakers from Northland Power, World Bank, Transolta, and many more. |
| 0:26.0 | Register at Bloomberg Live.com slash Canadian Finance slash radio. Hello and welcome to another episode of the Odd Thoughts Podcast, I'm Joe Wiesenthal. |
| 0:45.0 | Joe have you looked at the Turan Stock Exchange recently? |
| 0:50.0 | I have not. Let me look that up right now I know it's going to happen. |
| 0:56.1 | Oh nope I can't find any data for it. Yeah we have actually recorded do you know what |
| 1:02.1 | happens what when you look on the Bloomberg? |
| 1:05.0 | Do you get a warning? I bet you do. |
| 1:07.0 | Yeah, so if you're on the Bloomberg Terminal and you want to see what's happening on the Tehran Stock exchange, you actually get a red bar and it said sanctions may apply to this instrument and you can't get the data. |
| 1:18.0 | Yeah, that's exactly right. And we have actually done an episode on Iranian stocks before and one of the reasons this |
| 1:26.8 | particular market is interesting is because it has to be the most unfamiliar equity market out there I think for the vast majority of investors. |
| 1:38.8 | Because of sanctions you can't access data on it you're not going to see a lot of news stories on what's going on with |
| 1:45.2 | Iranian stocks it's just really hard to get a sense at any single point in time of what this market is doing, what it's comprised of, and basically any |
| 1:56.4 | information on it at all. That's right, it's very strange. It exists. There are plenty of |
| 2:00.9 | stocks on it. You know, it's always sort of interesting I guess to be reminded that stock markets exist in all these far-flung locations. |
| 2:09.2 | Iran of course is a relatively big middle income country but because of the sanctions |
| 2:15.1 | it's just so unplugged into the Western financial system you never it just doesn't |
| 2:19.6 | even come up in any conversation I mean you hear much more about say the Saudi market or something like |
... |
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