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Tehran Stock Exchange index soars after signs of optimism in nuclear talks

Business Materials 4 July 2015 17:14 (UTC +04:00)

Baku, Azerbaijan, July 4

By Fatih Karimov - Trend:

The Tehran Stock Exchange main index (TEPIX) rose sharply by 999 points on July 4 after optimism emerged in nuclear talks between Iran and the P5+1 group.

The TEPIX stood at 65,860 on July 4, Iran's Fars news agency reported.

The main and the secondary market indices rose by 827 points and 1395 points, respectively, reaching 47,531 points and 135,820 points, respectively.

The over-the-counter index rose by 20 points and reached 756.

Over 1.36 billion shares, worth 2.8 trillion rials (about $84 million based on market exchange rate), were traded on the mentioned date, Iran's IRIB news agency reported on June 28.

The TSE main index started with 89,500 in 2013. But, it dropped gradually so that it plunged to 61,500 in winter 2014. On the first working day of the current Iranian fiscal year (March 25, 2015) it was 62,885.

Negotiators from Iran and the P5+1 group of countries - the United Sated, Britain, China, France, Russia and Germany - are working to reach a comprehensive agreement on the Iranian nuclear program in the Austrian city of Vienna. The two sides have agreed to continue talks to strike a final deal by July 7.

Iranian Foreign Minister Mohammad Javad Zarif said July 3 that great progress has been made in the nuclear talks. However, there are different technical and compositional issues and then a political decision to be made, he stated.

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