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TSE index down 425 points

Business Materials 10 May 2016 19:48 (UTC +04:00)

Tehran, Iran, May 10

By Mehdi Sepahvand - Trend:

The Tehran Stock Exchange (TSE) main index fell from 77,106 to 76,681 by Tuesday noon, registering a fall of 425 points.

A total of 1,067 shares were dealt in the meantime, Trend correspondent reported May 10.

The value of transactions stood at 5,126,984,000,000 rials ($169 million, for each dollar worth 30,039 rials).

The number of the transactions for the time stood at 79,823, while the value of the market was 3,330,029,000,000,000 rials.

The TSE main index dropped by 609 points and stood at 77,423 on May 7.

The TSE index has recently been in a downward trend, despite that it jumped 25 percent in January when international sanctions against the Islamic Republic were lifted as a result of the nuclear deal's implementation.

The automotive, IT, transportation and logistics sectors experienced the highest growth over the last Iranian year.

Low growth was observed in the rubber and plastics, ceramics and tiles, and cement production sectors in the mentioned period.

The 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.

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