Foreign investors’ activity in Tehran stock market hikes
Baku, Azerbaijan, Apr. 26
By Fatih Karimov - Trend:
The activity of foreign investor in Iran's exchange market has increased sharply following the implementation of the nuclear deal last January, Tehran Stock Exchange CEO Hassan Ghalibaf Asl said.
The value of foreigners' daily activity in Tehran exchange market since January surpassed 500 billion rials, ten times more compared to sanctions era (each 30,300 rials making one USD), Ghalibaf Asl said, IRNA news agency reported Apr. 26.
After the nuclear deal signed between Iran and six world powers, the investors which had transferred their money to abroad, returned to Tehran stock market, he added.
Under the sanctions the value of trade in the market was almost 1300 billion rials on a daily basis, Ghalibaf Asl said, adding the figure hiked to 4000 billion rials after the sanctions lifted.
In certain days the trade value also accounted for 8000 billion rials, he said.
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.
Over 400 financial entities are listed on the Tehran Stock Exchange with a market capitalization of more than $100 billion.