They also advise shareholders to avoid impulsive decisions for quitting the market rattled by the surprising fluctuations in the stock market in the previous year.

In this regard, Vice Chairman of the Board of Directors at Tehran Stock Exchange (TSE) Javad Eshqi-Nejad said the “exit strategy” is the worse course of action that a shareholder can take.

“For some hasty shareholders, exiting the market is their first choice after any fluctuation, while we have repeatedly stated that this is the worst type of strategy in this market,” Eshqi-Nejad told IRNA.

“Only those shareholders who invest in this market with a long-term vision should expect profit,” he stressed.

According to the official, people who are looking to invest in this market with small capitals and do not have much experience in this regard should invest through intermediary tools such as ETFs.

“Investing directly in the market is only for people who have enough experience in this market and are familiar with the risks,” he emphasized.

Market analyst Alireza Tajbar believes that investors should consider the trend of stock exchange transactions in the past year as a criterion for their investment in the current year and to avoid entering the market directly.

People should invest in this market through intermediaries such as financial institutions in order to obtain a reasonable return on the market and prevent possible losses, he said.

According to Tajbar, in addition to stock market analysis, shareholders must be careful and consider the value of companies’ profitability and spend more time for market analysis when investing.

Stock market expert Mohammad Eqbal-Nia also suggests investors to have always a long-term vision for investing in the stock market, and if they do not have enough knowledge or time to spend in the market, it is better to enter the market through indirect methods such as mutual funds.

The post long-term investment in Iran stock market appeared first on Iran News Daily.

The facility, the first nuclear power plant in Iran, came back online after it was shut down in early April for fuel change and repair by Iranian technicians without the help of Russians who have built it, Press TV reported.

“For the first time, the annual fuel change and periodic repairs of the main equipment at Bushehr Nuclear Power Plant were carried out by the capable specialists of this advanced nuclear power plant, and the power plant was reconnected to the national electricity grid after successful tests,” AEOI said.

“With the summertime peak consumption period just beginning, the plant successfully resumed electricity generation on Sunday and hooked up with the national electricity grid,” it added.

Sunday marked the start of summer in the Iranian calendar, during which many consumers crank up their air conditioners amid sizzling temperatures which see the mercury hit 50°C in some southern cities.

According to Director of Bushehr Nuclear Power Plant Reza Banazadeh, fuel change is “a very sensitive and complex process” which is carried out by skilled Iranian operators.

They use a robot to discharge one-third of fuel and load new uranium fuel rods to the core of the reactor after a series of specialized activities, he added.

For Iran, this is a big feat. AEOI spokesman, Behrouz Kamalvandi, had said in May that Iran would probably cut its dependence on Russian engineers and become self-sufficient in maintenance in the Bushehr plant by 2022.

The task was successfully carried out especially at a time when the coronavirus outbreak this year has left Iran with some constrains for using domestic and foreign contractors at the site, Banazadeh said.

“By turning this restriction into a valuable opportunity and relying on the knowledge and responsibility of the power plant’s committed personnel as per a precise planning, the periodic repair of the plant’s main equipment was carried out by the capable forces of this huge industrial complex with minimal utilization of contracting services.”

It shows that Iran can continue to advance despite difficulties, Banazadeh said.

The plant, built with a capacity to produce 1,000 megawatts of power, started adding electricity to the national grid in September 2011.

Iran began building two more nuclear reactors in a joint project with Russia’s Rosatom State Atomiс Energy Corporation in Bushehr, southern Iran, in November 2017.

The country’s aim is to build nuclear power plants with 20,000 megawatts of capacity to meet the growing domestic electricity demand, so it can save its hydrocarbons for exports.

According to the AEOI chief, Ali Akbar Salehi, as a result of the Bushehr plant’s operations, some 11 million barrels of crude oil are saved annually. It also helps reduce up to seven million tons of gas emissions every year.

“Since the cost of constructing a 1,000-megawatt nuclear power plant is $5,000 billion, we need to invest $100,000 billion to build nuclear power plants with a capacity to generate 20,000 megawatts of electricity,” Salehi said.

Russia has been involved in Iran’s nuclear power generation efforts more than any country. It is currently supplying the nuclear fuel used at Bushehr, but Iran has said it wants to make its own fuel to have secure supplies in the future.

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