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Tehran Stock Exchange index registers new historic rise

Business Materials 9 February 2016 15:38 (UTC +04:00)

Baku, Azerbaijan, Feb. 9

By Umid Niayesh- Trend:

Tehran Stock Exchange (TSE) main index registered a historic rise by 2,415 points to hit 78,199 on Feb. 9, the TSE said on its website.

The increase comes as the market is experiencing upward trend in recent weeks.

The index already registered several significant sharp rises in the past weeks. For instance it jumped by 2,115 points to hit 70,972.8 on Jan. 26, amid Iranian President Hassan Rouhani's four-day official visit to Europe.

On Feb.1, the market also witnessed an index rise by 1,794 points.

Some experts believe that the rising trend indicates that Iran's economy has positively reacted to the implementation of the Joint Comprehensive Plan of Action (JCPOA/nuclear deal).

Some 3,560 million equities, worth $240.5 million, were traded by the end of the day at the Tehran Stock Exchange on Feb. 9.

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

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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