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Tehran Stock Exchange main index plunges for 2nd day

Business Materials 12 April 2015 15:35 (UTC +04:00)

Baku, Azerbaijan, Apr.12

By Fatih Karimov - Trend:

The Tehran Stock Exchange main index (TEPIX) fell sharply for the second consecutive day on April 12.

TEPIX plunged by 1,238 points and stood at 68,783, Iran's Fars news agency reported on April 12.

The index had also declined to 70,022 on April 11.

Over 1.136 billion shares, worth about $74 million, were traded. The capital market value hit $109 billion, according to the Tehran Stock Exchange website.

The over-the-counter market also fell by 966 points and stood at 50,639.

The sharp fall in TEPIX came after it soared in the wake of the nuclear agreement between Iran and the P5+1 group in Lausanne.

Founded in 1967, the Tehran Stock Exchange (TSE) has been one of the world's best performing stock markets in recent years and ranked as the best bourse index in Europe, Africa, and the Middle East in 2010 in terms of performance of the main index.

The TSE's annual growth rate of main indices also ranked second among all members of the World Federation of Exchanges (WFE) in 2010.

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