BAKU, Azerbaijan, Dec. 5
By Elnur Baghishov – Trend:
The value of Iranian mining companies at the Tehran Stock Exchange (TSE) increased by $3.8 billion in the last Iranian week (November 28 through December 3), Trend reports citing Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
According to the report, thus, the value of 87 Iranian mining companies at the Tehran Stock Exchange was about $66.4 billion.
“This is an increase of 6.1 percent compared to the preceding Iranian week (November 21 through November 26),” the report said.
The value of Iranian mining companies at the Tehran Stock Exchange accounts for 23.3 percent of the exchange’s total value, the report said.
According to the report, the main reasons for the increase in the value of Iranian mining companies are the return of investors to the market with the improvement of the market situation, the market-making activities of companies and the rise in prices of goods on world markets.