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Tehran Stock Exchange main index plunged sharply

Business Materials 9 September 2015 15:22 (UTC +04:00)

Baku, Azerbaijan, Sept. 9

By Fatih Karimov - Trend: The Tehran Stock Exchange main index (TEPIX) fell sharply by 1043 points on Sept. 9 and stood at 63,464.

The main and the secondary market indices decreased by 1117 points and 154 points, respectively, the tse.ir website reported Sept. 9.

Some 662 million shares, worth 1160 billion rials (about $34 million based on market exchange rate), were traded on the mentioned date.

The capital market value amounted to 2730 trillion rials (some $80.2 billion).

The TSE main index started at 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.

TSE trades a range of shares, funds and financial instruments, including Sukuk and Islamic funds. It has not received foreign investment for several years because of sanctions over Iran's nuclear program.

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