Baku, Azerbaijan, June 26
By Khalid Kazimov – Trend:
The Tehran Stock Exchange (TSE) main index fell by five percent over the last Iranian month of Khordad (May 21 – June 20) compared to the preceding month of Ordibehesht ( April 20-May 20).
According to ILNA news agency, the main index dropped by 3,798 points reaching 72,615 in the mentioned period.
Meanwhile the value of the trades decreased by 25 percent reaching $1.3 billion (41.6 trillion rials converted to USD according to the official rate on June 26).
This is while the number of trades declined by 21 percent dropping to 19.3 billion.
Over the past three months since the start of the new Iranian year on March 20, the TSE main index has performed negatively.
The downward trend in the TSE came following an extremely positive reaction to the implementation of the Joint Comprehensive Plan of Action (JCPOA) Jan. 16, which resulted in the removal of the nuclear-related sanctions imposed on the Islamic Republic’s key energy and financial sectors.
The TSE, however, hiked by 28.3 percent over the last Iranian calendar year that ended March 20, compared to the preceding year.
According to the latest statistics released by Central Bank of Iran, the main index in the last Iranian calendar year reached 80,219 points, which stood at 62531.8 points in the preceding year.