Tehran Stock Exchange growing slowly

Business Materials 22 February 2016 19:39 (UTC +04:00)

Baku, Azerbaijan, Feb. 22

By Khalid Kazimov - Trend:

Tehran Stock Exchange (TSE) main index surged by 352 points to hit 77,587 on Feb. 22, said the TSE on its website.

While the surge comes after two days of a downward trend, some 1.756 billion equities worth $152.7 billion (according to official rate on Feb. 22 one US dollar makes 30,189 rials), were traded by the end of the day on Feb. 22.

The TSE has experienced an uptrend since Jan. 16 when the removal of international sanctions created hopes for reaping profits from Iran.

Some 318 companies, as well as 37 factories, are listed on Tehran Stock Exchange in 37 sectors, according to a TSE report released in November 2015.

TSE trades a range of shares, funds and financial instruments, including Islamic funds.

It didn't receive any foreign investment for several years because of sanctions over Iran's nuclear program.