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Tehran Stock Exchange surges amid Iran president’s first EU visit

Business Materials 25 January 2016 19:44 (UTC +04:00)

Baku, Azerbaijan, Jan. 25

By Khalid Kazimov - Trend:

Tehran Stock Exchange (TSE) main index rose by 1,117 points to hit 68,857.5 on Jan. 25.

According to the TSE website, 2,060 million equities, worth $149.8 million, were traded by the end of the day at Tehran Stock Exchange on Jan. 25.

The surge came amid Iranian President Hassan Rouhani's four-day official visit to Europe. Rouhani arrived in Rome on the first leg of his EU visit.

Observers suggest that the visit will give a boost to economic ties between Iran and Italy.

Rouhani is the first Iranian president who pays an official visit to the EU over the past 10 years. The president is expected to leave Italy for France on Jan. 27.

According to a monthly briefing released in November 2015 on the TSE website, 318 companies, as well as 37 factories were listed on Tehran Stock Exchange in 37 sectors.

On Jan. 25, the US dollar was sold in Iran's free market at 36,269 rials (a 0.29 percent growth compared to the day before), while euro was traded at 39,619 rials and pound sterling was sold at 52,000 rials.

Meanwhile, a full Bahar-e Azadi fine gold coin was sold at 9,415,000 rials, which grew by 0.05 percent compared to the preceding day.

The Central Bank of Iran has been issuing Bahar-e Azadi (Spring of Liberty) coins since the 1979 Islamic Revolution in Iran, when the Islamic Republic was founded.

The standard gold coin weighs 8.133 grams. It is also sold in smaller denominations of a half coin and a quarter coin.

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