TSE main index relatively flat on July 26

Business Materials 26 July 2016 16:41 (UTC +04:00)

Baku, Azerbaijan, July 26

By Khalid Kazimov – Trend:

The main index of the Tehran Stock Exchange (TSE) rose by 34.6 points or 0.05 percent on July 26, to end Tuesday trade at 75501.1.

According to the TSE official website, 775 million shares valued at 1.75 trillion rials (according to official rate on July 26 per US dollar makes 30,955 rials) were traded at 53,449 transactions.

Traders saw some volatility on the Tehran Stock Exchange over the past months as the negative trend of prices and trade volumes turned positive.

The downward trend in the TSE came following an extremely positive reaction to the implementation of the Joint Comprehensive Plan of Action (JCPOA) Jan. 16, which resulted in the removal of the nuclear-related sanctions imposed on the Islamic Republic’s key energy and financial sectors.

The TSE, however, hiked by 28.3 percent over the last Iranian calendar year that ended on March 20, compared to the preceding year.