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Tehran Stock Exchange keeps hiking

Business Materials 17 February 2016 18:48 (UTC +04:00)

Baku, Azerbaijan, Feb. 17

By Khalid Kazimov - Trend:

Tehran Stock Exchange (TSE) main index surged by 746 points to hit 77,888 on Feb. 17.

TSE said on its website that 1.9 billion equities, worth 5,725 billion rials, were traded by the end of the day.

According to official rate on Feb. 17 one dollar makes 30,184 rials.

Over the last week, the main index hiked by 3,800 points and reached 77,497, indicating a five-percent growth.

TSE has been uptrend since Jan. 16 when the removal of international sanctions created hopes for reaping profits from Iran.

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

TSE trades a range of shares, funds and financial instruments, including Islamic funds. It didn't receive any foreign investment for several years because of sanctions over Iran's nuclear program.

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