Main index at Tehran stocks finally exceeds 1-mln milestone

Main index at Tehran stocks finally exceeds 1-mln milestone ...
presstv.com 09/05/2020 Economy

Keywords:#American, #IFB, #IRNA, #Iran, #Iran_Fara_Bourse, #Iranian, #Presstv.com, #Saturday, #TEDPIX, #Tehran, #Tehran_Stock_Exchange

Saturday, 09 May 2020 5:50 PM
This photo shows traders walking on the trading floor of the Tehran Stock Exchange while information is displayed on a big screen in Tehran on May 9, 2020.
The main index at the Tehran Stock Exchange (TSE), the main stock market in Iran, has exceeded the much-anticipated 1-million-point milestone as trade keeps booming despite concerns raised over a potential bubble in the market.
Figures by the TSE’s website published after late trading on Saturday showed that the benchmark TEDPIX had risen by 4.4 percent compared to the previous day to reach an all-time high of 1,020,913.25 points.
A total of 6.597 billion shares changed hands in some 1,090,884 number of exchanges in the TSE on Saturday.
That brought in over 101 trillion rials (nearly $613 million) to the TSE, increasing the total value of the market to more than 38,000 trillion rials (over $230 billion).
A report by the official IRNA news agency said that trade was also booming at the Iran Fara Bourse (IFB), a subsidiary market of the TSE for trading securities and other financial instruments.
It said IFB’s main index gained 364 points compared to the end of the previous session to close at 11,513. It added that a total of 2.395 billion shares worth nearly 4.5 trillion rials (over $272 million) had been traded in the market on Saturday.
Iranian authorities have rejected claims that booming trade in the TSE is not consistent with other economic indicators in the country, including high levels of inflation, and the warnings that a bubble might emerge in the market.
Analyst believe the boom in the Iranian stock market is a sign of growing inclination among people to invest in manufacturing and business schemes in a country where American sanctions have spurred growth in various fields of the economy.
--- ---
...

Read more from Source »

Related articles based on keyword density
Media Scam? Iran and America Join Hands in Waging “The Global War on T...
globalresearch.ca 01/07/2014 Politics
By Prof Michel Chossudovsky Global Research, June 21, 2014 Following the incursion of jihadist rebels of the Islamic State of Iraq and the Levant (IS...View Details»

Iran’s volleyball snares historic Olympic berth after 52 years ...
en.mehrnews.com 05/06/2016 Sports
News ID: 3676230 - Sat 4 June 2016 - 16:02 Sports TEHRAN, Jun. 04 (MNA) – Iran national volleyball team beat Poland at the 2016 Olympic men’s volleyb...View Details»

Global “Elders” urge Iran to build on nuclear deal - The Washington Po...
washingtonpost.com 28/01/2014 Politics
TEHRAN, Iran — The former head of the United Nations urged Iran Monday to build on a historic deal reached with world powers in November and work towa...View Details»

Iran, Turkey agree not to seal fuel tanks of transit trucks ...
en.mehrnews.com 10/12/2014 Auto
Iran, Turkey agree not to seal fuel tanks of transit trucks URMIA, Dec. 10 (MNA) – Deputy of transportation office of West Azerbaijan province announc...View Details»

Iran frees Chinese-American scholar for US-held scientist...
msn.com 07/12/2019 News
By NASSER KARIMI and JON GAMBRELL, Associated Press TEHRAN, Iran (AP) — Iran and the U.S. conducted a prisoner exchange Saturday that saw a detained P...View Details»


EOF