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Tehran Stock Exchange Gains 71% Since March 20

Tehran Stock Exchange Gains 71% Since March 20 Tehran Stock Exchange Gains 71% Since March 20

The Benchmark of Tehran Stock Exchange climbed more than 365,000 points and gained 71% during  25 trading sessions since the beginning of the current fiscal year (March 20). 
A total of 17.26 billion shares worth 1,689 trillion rials ($10 billion) changed hands in 28.53 million deals, making the bourse the top-performing market, IBENA reported. 
Other markets were lethargic compared to the fast growing stock market. Gold coin returns stood at 6.3% and those of the currency market were the lowest at 1.4%, according to market data tracked by the Persian-language economic newspaper Donya-e-Eqtesad. 
While gold prices in the domestic market are largely influenced by currency prices, the newspaper attributed the higher gains for gold coins to the  $200 rise in the price of one ounce of gold in intentional markets. 
Spot gold climbed 0.4% to $1,686.71 per ounce on Friday, paring some losses from a near 2% drop on Thursday.
A USD is currently sold for 160,000 rials in Tehran’s open market. One Emami gold coin buys 64.85 million rials ($405).  

 

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