Tehran Stock Exchange main index on the rise
Baku, Azerbaijan, Apr.6
By Fatih Karimov - Trend:
Tehran Stock Exchange main index (TEPIX) rose again for the third consecutive day on April 6 and hit 71,364 after Iran and world powers agreed on an outline for an Iran nuclear deal.
TEPIX rose by 1102 points compared to the day before, according to the Tehran Stock Exchange website.
Over 1.226 billion shares, worth about $80 million, have been traded so far on the TSE, the report added.
Founded in 1967, the Tehran Stock Exchange (TSE) has been one of the world's best performing stock markets in recent years and ranked as the best bourse index in Europe, Africa, and the Middle East in 2010 in terms of performance of the main index.
The TSE's annual growth rate of main indices also ranked second among all members of the World Federation of Exchanges (WFE) in 2010.
Iran's currency and stock market rose on their first day of trade since Tehran agreed with world powers on its nuclear program. The Tehran Stock Exchange's main index gained 3.1 percent to its highest level in over two months.
The agreement on Iran's nuclear program, reached on Thursday, will - if confirmed in a final deal by aJune 30 deadline - begin to ease economic sanctions on Iran. This could ignite a boom and clear the way for tens of billions of dollars of fresh trade and investment.