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Tehran Stock Exchange reaches historic high

Source: Tehran Times

The main index of the Tehran Stock Exchange (TEPIX) hit a historic high at 31,336 point on Wednesday. The Tehran Stock Exchange increased 121 points on Wednesday, while the industry index climbed 131 points, reaching 26,321.

Source: Tehran Stock Exchange

The Tehran Exchange Market's value has increased steadily in current year despite U.S.-led sanctions on Iran's economy.

While the stock markets of the Middle East and North Africa region saw a very poor year in 2012, Tehran Stock Exchange experienced an unprecedented growth, leading the financial markets of the region.

Sanctions against Iran have done nothing to dent a boom in its stock market, as investors bet on a continued rise in company stocks which have been undervalued for years.

The index has now posted a very high jump since March 20, when it reached 12,537 points on the last day of the Iranian year.

... Payvand News - 11/15/12 ... --

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