EghtesadOnline: Stock markets in Iran are on fire. Free flowing liquidity from parallel markets, rise in global commodity and metal prices , bullish foreign exchange rates, good yearend reports for listed companies and a stampede of new retail investors eager to ride the upward momentum have catapulted the Tehran Stock Exchange more than 4% since the start of the current year (March 21).

EghtesadOnline: Systematic risks have caught up with the Iranian stock markets. Concerns regarding base metal prices , based on a stronger dollar and an escalating trade war between the US and China, sunk metal stocks' fortunes in Iran as its main drivers, augmented by the government's refusal to allow the sale of commodities at an exchange rate other than the enforced one.