Analyzing the Status of Iran's Textile Industry in Comparison with Industries listed in Tehran Stock Exchange

Textile industry has been influenced by the globalization process more than any industry in the world. Given that a high volume of the country's industry is at disposal of small and medium industries it seems that paying attention to textile industries and improving their status could be a useful strategy for economic development of the country. Objective of the present paper is to evaluate textile industry in comparison with industries listed in Tehran Stock Exchange. Therefore, dividend, final price of each section, percentage of price change, percentage of profit to price, total return, percentage of increasing of dividend per share have been evaluated for certain time periods in comparison with the selected industries using a combination of factorial analysis and numerical taxonomy methods based on a set of selected indexes such as those related to number of stocks traded. According to results of the present survey textile industry has been dropped from rank 9 in 2009 to rank 8 in 2008 in two time periods under study. This shows there is a basic weakness in this industry and necessity of a new and innovative strategy seems essential