Tehran Stock Exchange main index drops by 193 point

Business Materials 10 January 2016 17:23 (UTC +04:00)

Baku, Azerbaijan, Jan. 10

By Khalid Kazimov - Trend:

The Tehran Stock Exchange main index (TEPIX) dropped by 193 points and stood at 62,461 on January 10.

Some 723 million of equities worth at $ 52.4 million were traded by the end of day at Tehran Stock Exchange.

TEPIX Jan. 10 08:40-12:35 (GMT +03:30)

Contrary to the expectations, stock exchanges in Iran including the largest one, Tehran Stock Exchange (TCE), have been bearish over the past months. However the ongoing political process between Tehran and the world powers may create hope for international investors to reap fat profits.

TEPIX - 2016.01.09

Iran expects the international sanctions imposed by west on its financial and industrial sectors to be lifted in early 2016 as it is adhering to the terms of a milestone nuclear accord inked between Tehran and the world powers in July.

Meanwhile, lots of foreign investors hoping for big profits and Iran planning to renew its aging industry, ailing economic system have conducted meetings, in preparation for the lifting of international sanctions.

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