Domestic Economy

Tehran Stocks Gain After Buoyant Data

Tehran Stocks Gain After Buoyant DataTehran Stocks Gain After Buoyant Data

The selloff which brought down stocks on the Tehran Stock Exchange on Monday gave way to a buying spree on Tuesday. 
The main TSE gauge climbed 1.5% amid positive news about the monthly performance data of listed companies and falling foreign exchange rates. 
According to the Donyaye Bourse website, the sharp declines in forex rates in the past few days sent a positive signal to groups of investors who have been disappointed by the negative psychological climate created by political tensions. 
Reports about efforts to ease tense climate and the intervention of the Central Bank of Iran in the currency market brought down currency rates again on Tuesday. 


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