Tehran Stock Exchange main index surges

Baku, Azerbaijan, Jan. 13

By Khalid Kazimov - Trend:

Tehran Stock Exchange (TSE) main index rose by 675 points to hit 63,516 on Jan. 13.

Some 1.275 million of equities worth $104 million were traded by the end of day at Tehran Stock Exchange on Jan. 13, Mehr news agency reported.

Contrary to the expectations, stock exchanges in Iran including the largest one, Tehran Stock Exchange (TSE), have been bearish over the past months. However the ongoing political process between Tehran and the world powers may create hope for international investors to reap fat profits.

Iran expects the international sanctions imposed by west on its financial and industrial sectors to be lifted shortly as it is adhering to the terms of a milestone nuclear accord inked between Tehran and the world powers in July.

According to a monthly briefing released in November 2015 on the TSE website, 318 companies, as well as 37 factories were listed on Tehran Stock Exchange in 37 sectors.

On the same day, the US dollar was sold in Iran's free market at 36,750 rials, while euro was traded at 40,100 rials and pound sterling was sold at 53,300 rials.

Meanwhile, a full Bahar-e Azadi fine gold coin was sold at 9,325,000 rials, which grew by 30,000 rials.

The Central Bank of Iran has been issuing Bahar-e Azadi (Spring of Liberty) coins since the 1979 Islamic Revolution in Iran, when the Islamic Republic was founded.

The standard gold coin weighs 8.133 grams. It is also sold in smaller denominations of a half coin and a quarter coin.

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