Tehran Stock Exchange main index rises 239 points

Business Materials 6 July 2015 15:02 (UTC +04:00)

Baku, Azerbaijan, July 6

By Fatih Karimov - Trend: The Tehran Stock Exchange main index (TEPIX) rose by 239 points on July 6 and stood at 66,019.

The main and the secondary market indices rose by 175 points and 480 points, respectively, Iran's IRNA news agency reported July 6.

Over 67 million shares, worth 1250 billion rials (about $38 million based on market exchange rate), were traded.

The capital market's value reached 2870 trillion rials (about $87 billion)

The TSE main index started with 89,500 in 2013. But, it dropped gradually so that it plunged to 61,500 in winter 2014. On the first working day of the current Iranian fiscal year (March 25, 2015) it was 62,885.

Negotiators from Iran and the P5+1 group of countries - the United Sated, Britain, China, France, Russia and Germany - are working to reach a comprehensive agreement on the Iranian nuclear program in the Austrian city of Vienna. The two sides have agreed to continue talks to strike a final deal by July 7.

Iranian Foreign Minister Mohammad Javad Zarif said July 3 that great progress has been made in the nuclear talks. However, there are different technical and compositional issues and then a political decision to be made, he stated.

Edited by CN