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TSE index grow by 165 points

Business Materials 23 May 2016 20:08 (UTC +04:00)

Baku, Azerbaijan, May 23

By Khalid Kazimov - Trend:

The Tehran Stock Exchange (TSE) index rose by 165 points on May 23 to hit 76,613.

Over one billion shares worth 2,478 trillion rials (at 30,398 rials per USD) were dealt in 83,699 transactions, ILNA news agency reported.

The TSE main index showed a positive performance over the past week.

The main index 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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