Tehran Stock Exchange index surges

Business Materials 1 February 2016 14:21 (UTC +04:00)

Baku, Azerbaijan, Feb. 1

By Fatih Karimov- Trend:

Tehran Stock Exchange (TSE) main index registered a sharp rise by 1794 points to hit 72,912 on Feb.1, the TSE said on its website.

The increase, which is a significant high record, follows several days of slight changes in the market.

The TSE main index registered a historic increase by 2,115 points to hit 70,972.8 on Jan. 26, a high record in recent years.

Some 2,018 million equities, worth $153.5 million, were traded by the end of the day at Tehran Stock Exchange on Feb. 1.

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

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.