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Iran equity market saw drastic decline amid political unrests

Iran Materials 31 December 2017 13:38 (UTC +04:00)
Tehran Stock Exchange (TSE) has been on a downward Trend over the past two years amid the recent protests in the county

Baku, Azerbaijan, Dec. 31

By Farhad Daneshvar – Trend:

Tehran Stock Exchange (TSE) has been on a downward Trend over the past two years amid the recent protests in the county.

The main index of the TSE slumped by 1649.82 points or 1.7 percent to experience its most catastrophic fall over the current year.

The recent political unrests in several Iranian cities, as well as reforms in the regulations of the equity market, appear to be among the main reasons behind the sharp drop in the market.

Over the past four days, some groups of people joined demonstrations in several cities including the capital Tehran, Mashhad and Kermanshah to protest against high prices.

The protestors also chanted slogans against the government and high ranking officials in the country.

Iranian Interior Minister Abdolreza Rahmani Fazli has urged people to refrain from joining “illegal gatherings” in the country.

At least two individuals have been killed following last night’s protests in the western province of Lorestan.

About 1.9 trillion shares valued at 131.1 (according to official currency rate on Sunday) were traded in the market.

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