Huge growth in Iran stock market on March 12
Baku, Azerbaijan, March 12
By Emil Ilgar - Trend:
The Tehran Stock Exchange (TSE) main index surged by more than 1000 points to hit 79,428 on March 12, compared to the previous day, said the TSE on its website.
The TSE has experienced an uprise 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 37 sectors of the Tehran Stock Exchange.
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.