Tehran Stock Exchange slumps sharply amid terror attacks

Business Materials 7 June 2017 19:58 (UTC +04:00)

Baku, Azerbaijan, June 7

By Farhad Daneshvar – Trend:

Following the reports on deadly terror attacks on Iranian capital Tehran, the main index of the country’s largest equity market plunged 535 points or 0.67 percent on Wednesday to end trade at 79758.5.

According to the Tehran Stock Exchange (TSE) website, 651 million shares valued at $50.06 million (1.6 trillion rials) changed hands for the day.

The Price Index was down 183.2 points or 0.68 percent to stand at 26954.7.

The First Market Index shed 282 points or 0.51 percent to post 55068.

The Second Market Index lost 1691.9 points or 0.94 percent to reach 178381.1.

The Industry Index gave up 480.1 points or 0.7 percent to register 68546.8.

The TSE 30 Index declined 14.5 points or 0.47 percent to close at 3094.3.

The TSE 50 Index also slumped 15 points or 0.48 percent to finish at 3095.2

Separate attacks shattered Tehran on June 7. As reports said, several armed people tried to break their way into the Parliament building. The attackers managed to get inside the building and engaged in a shootout with the security forces. One terrorist committed suicide by blowing himself up.

The latest reports indicate that all terrorists who took part in the siege of the parliament building have been killed.

Meanwhile, another attack took place at the Imam Khomeini Shrine, which involved armed terrorists, suicide bombers. The reports said Iran's security forces neutralized one terrorist, another one committed suicide. Several pilgrims have also been injured in the attack.

A separate terrorist group in the country has been detained before it managed to carry out any terror attack. Fars news agency issued a report saying that ISIS claimed responsibility for the terror attacks in Tehran.