Tehran Stock Exchange index registers new high record
Baku, Azerbaijan, March 15
By Fatih Karimov - Trend:
Tehran Stock Exchange (TSE) main index surged by 871 points to hit 80,237 on March 14.
TSE said on its website that 1.478 billion equities, worth 4,810 billion rials, were traded by the end of the day.
According to official rate on March 14 one dollar makes 30,220 rials.
The total value of stock market stood at 3480 trillion rials.
TSE has been 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 monthly briefing 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.