Iran’s largest stock market, TSE, started the first day of the week with a big rally in one trading session. Export-based steel and mining companies’ shares were big gainers as forex markets registered rises.
An advisor to the Iran president says the plan to launch an international stock market has already been okayed by the Central Bank and an exchange regulatory body.
An Italian asset manager has purchased stakes in an Iranian financial company thus becoming the first foreign fund house to invest in the nation’s financial sector.
The stock market acts like the economy’s barometer. From a slight movement in a company’s balance sheet to international stimuli, it detects and reacts to them all, whether they are already in motion or in the making.
An Iranian official says the Tehran Stock Exchange (TSE) is joining the World Federation of Exchanges (WFE).
Iran’s over-the-counter (OTC) market, known also as Fara Bourse, has attracted two trillion rials (about USD57.7 million) in foreign investment so far in the current Iranian calendar year (started March 20).