TSE index slightly grow
Baku, Azerbaijan, April 24
By Khalid Kazimov - Trend:
The main index of Tehran Stock Exchange (TSE) grew by 166 points to hit 78,448 on April 24.
Some 994 million equities, worth about $ 82.2 million were traded by the end of the day, ILNA news agency reported.
Although Tehran Stock Exchange demonstrated a weak performance in mid-April, it slowly grew over the past week.
Over the past month and in a time period of 31-day (ending on April 19) more than $1.94 billion worth of shares were sold on Tehran Stock Exchange (TSE).
According to media reports, about 23.446 billion shares were traded on the Tehran Stock Exchange during the first Iranian calendar month (March 20-April 19).
The TSE index indicated surge over the last Iranian fiscal year (ended 20 March). The index on March 26, the first working day of the new Iranian calendar year, also continued to surge by 981 points hitting 81,200.
The TSE main index jumped 25 percent in January when international sanctions against the Islamic Republic were lifted as a result of the implementation of the nuclear deal.
The automotive, IT, transportation and logistics sectors experienced the highest growth over the last Iranian year.
Low growth was observed in the rubber and plastics, ceramic and tiles and cement production sectors in the mentioned period.
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.