Tehran Stock Exchange main index surges

Business Materials 6 January 2016 17:21 (UTC +04:00)

Baku, Azerbaijan, Jan. 6

By Fatih Karimov - Trend:

Tehran Stock Exchange (TSE) main index increased by 576 points on Jan. 6 compared to its preceding day.

The main index surged to 62, 632, according to the website of Tehran Stock Exchange.

The main and the secondary market indices increased by 524.7 points and 554.5 points, respectively.

It is while the stock market was struggling stagnation in recent days and even months. The overall direction of Tehran Stock Exchange has been downward since March 2015 and the sharp decline in the prices of shares has caused the shareholders to stop trading.

The volume of shares traded on the Tehran Stock Exchange and its main index have dramatically plunged while following a July nuclear deal between Iran and the world powers, Tehran Exchange Market was expected to grow.

TSE trades a range of shares, funds and financial instruments, including Sukuk and Islamic funds. It has not received foreign investment for several years because of sanctions over Iran's nuclear program.