Iran stock index breaks through 1 million mark amid warnings market is overheating

Iran stock index breaks through 1 million mark amid warnings market is overheating...
msn.com 10/05/2020 Arts

Keywords:#Catherine_Evans, #Dubai, #IRNA, #Iran, #Msn.com, #Reuters, #Saturday, #TEDPIX, #Tehran, #Tehran_Stock_Exchange

DUBAI, May 9 (Reuters) - Iran's main stock index broke through the 1 million point mark for the first time on Saturday, state media reported, amid warnings that the market is overheating.
The Tehran Stock Exchange's benchmark TEDPIX index gained 25,663 points in early trading on Saturday, rising above 1,000,000 points, the official IRNA news agency said.
The TEDPIX had closed the previous session on Wednesday at 977,923.47, down 2,647.54 points, or 0.27%.
Analysts say the booming stock market is at odds with Iran's economic fundamentals, which are deteriorating under the weight of sanctions and the coronavirus outbreak, raising the risk of a stock market bubble. (Reporting by Dubai Newsroom; Editing by Catherine Evans)
---Iran stock index breaks through 1 million mark amid warnings market is overheating ---
...

Read more from Source »

Related articles based on keyword density
Pakistan asks Iran to act on militants behind Baluchistan killings...
msn.com 21/04/2019 Military
ISLAMABAD (Reuters) - The Baloch insurgents who killed 14 people along Pakistan's coast this week are based in neighbouring Iran, Pakistan's foreign m...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»

There will be no war as we don't want war, and no can confront Iran: Z...
msn.com 18/05/2019 Politics
(Reuters) - Iranian Foreign Minister Mohammad Javad Zarif said on Saturday he did not believe a war would break out in the region as Tehran did not wa...View Details»

Iran expands evacuations as rains worsen floods...
msn.com 06/04/2019 History
DUBAI (Reuters) - Iran moved on Saturday to evacuate more towns and villages threatened by floods after continued rain in the southwest of the country...View Details»

Iran condemns Trump as 'terrorist in a suit' after attack threat...
msn.com 05/01/2020 Politics
DUBAI (Reuters) - Iran condemned Donald Trump on Sunday as a “Terrorist in a suit” after the U.S. president threatened to hit 52 Iranian sites hard if...View Details»


EOF