The Effect Of Economic Factors On Tehran Stock Exchange

, M.Sc. Thesis Sharif University of Technology Ghanbari, Ameneh (Author) ; Eshraghniaye Jahromi, Abdolhamid (Supervisor)

Abstract

In this study it is attempted to investigate the impact of macroeconomic variables on the determination stock price in Iran.In this study it is used quarterly time series data of stock price and also macroeconomic variables including Growth of Consumer Price Index(Inflation), Iran Crude Oil Price, Exchange Rate, Gold Price, Liquidity, Money Supply and Gross Domestic Product for a period of 10 years (1381:1-1390:4). Data is obtained from monthly and quarterly reports, available on the website of the Central Bank of Iran and Tehran Stock Exchange Organization. In the analysis of the collected data, It is applied unit root tests, test for co integration, and utilize a Vector Auto Regressive...

Is There any Price Bubble in the Iranian Housing Market: a Structural Analysis Across Iranian Provinces Over 1375-1389

, M.Sc. Thesis Sharif University of Technology Ebrahimi, Hassan (Author) ; Abedini, Javad (Supervisor)

Abstract

During the two last decades, Iranians have faced with a wide and substantial increase in housing prices, especially in great metropolitans such as Tehran, Mashhad, Isfahan and Shiraz. This easily could be refered to a hyperinflation which significantly impeded the access of low and medium income families to housing. This study uses a structure model to recognize the responsible factors of such a rise in housing prices and to show whether there is any price bubble in market. The model consists of both supply and demand side determinants to explain the price changes across Iranian provinces over 1375-1390, in a panel data context. In particular, we use a longer and larger database which also...

Detecting Forecast Power in Gold Coin Futures Contracts in Iran

, M.Sc. Thesis Sharif University of Technology Baghernejad, Amir (Author) ; Barakchian, Mahdi (Supervisor)

Abstract

One function of futures markets is to signal about future spot prices. This role is accommodated by creating a way for future tradings. In futures markets, different types of investors, including speculators, arbitrators, and hedgers, trade based on their expectations of the future. The better the agents are in pricing, the more significant this role of financial markets. Therefore, it is possible that futures prices contain information that helps to predict maturity spot prices. This study examines the performance of using gold coin futures prices in forecasting with the help of data from December 2008 to July 2016. Studying the cointegration relationships between futures and maturity...