Baku, Azerbaijan, June 28
By Khalid Kazimov – Trend:
The main index of the Tehran Stock Exchange (TSE) surged by 447 points, or 0.61 percent, to end Tuesday trade at 74190.5 thanks to car manufacturers and mining companies.
According to the TSE official website, more than 1.1 billion shares valued at 2.4 trillion rials (about $81.1 million according to official rate on June 28) were traded at 74,393 transactions.
Traders saw some volatility on the Tehran Stock Exchange over the past week as the negative trend of prices and trade volumes turned positive.
The TSE main index fell by 5 percent over the last Iranian month of Khordad (May 21 – June 20) compared to the preceding month of Ordibehesht (April 20 – May 20).
Over the past three months since the start of the new Iranian year on March 20, the TSE main index has performed negatively.
The downward trend in the TSE came following an extremely positive reaction to the implementation of the Joint Comprehensive Plan of Action (JCPOA) Jan. 16, which resulted in the removal of the nuclear-related sanctions imposed on the Islamic Republic’s key energy and financial sectors.
The TSE, however, hiked by 28.3 percent over the last Iranian calendar year that ended on March 20, compared to the preceding year.