Tehran Stock Exchange Sets New Record ahead of JCPOA Implementation
TEHRAN (Tasnim) – In the wake of the imminent implementation of a recent nuclear deal between Tehran and world powers (known as the JCPOA), Iran’s main share index increased by 1344 units on Saturday, setting a new record after 18 months of depression.
The Tehran Stock Exchange Index (TEDPIX) increased by 1344 units to close at 64.860 points, data released by the TSE showed on Saturday.
An increase of 1000 units was achieved within the first hour after the market was opened in the first day of the week.
The recent gains in the Tehran Stock Exchange come against the backdrop of the upcoming announcement of JCPOA implementation, after which all nuclear-related anti-Iran sanctions will be terminated.
TSE opened in February 1967. During its first year of activity, only six companies were listed in TSE. Then Government bonds and certain State-baked certificate were traded in the market.
The Tehran Stock Exchange has come a long way. It has evolved into an exciting and growing marketplace where individual and institutional investor trade securities of over 420 companies.
TSE, which is a founding member of the Federation of Euro-Asian Stock Exchanges, is seen as one of the world's best performing stock exchanges in the years 2002 through 2013.