Tehran Stock Exchange index records huge fall
Baku, Azerbaijan, June 11
By Fatih Karimov - Trend:
Tehran Stock Exchange (TSE) main index experienced a huge fall by 1026 points and stood at 74,850 on June 11.
According to the TSE website, 1.026 billion shares worth about $64.3 million were dealt in 96,000 transactions by the end of the day at the stock exchange.
The total value of stock market stood at 3,171 trillion rials (according to the official rate on June 11 one dollar makes 30,500 rials).
The TSE main index over the past two months has been volatile following a positive reaction to the implementation of the Joint Comprehensive Plan of Action (JCPOA) Jan. 16, which resulted in the removal of nuclear-related sanctions imposed on the Islamic Republic's key energy and financial sectors.
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.