This week saw one of the main Tehran equity market's uncertainties come to a close, as the United States announced its refusal to waive key economic sanctions on Iran as part of the 2015 nuclear deal.
US President Donald Trump made the announcement on Tuesday, referring to the deal formally known as the Joint Comprehensive Plan of Action as "decaying and rotting".
Despite the bad news, Tehran stocks did not have much of a reaction. Tehran Stock Exchange's benchmark TEDPIX inched up slightly on Wednesday while Iran Fara Bourse's IFX had a slight downtick.
And overall, markets did not end up losing for the week.
May 11, 2018 18:50
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Tehran Stocks Sober Up, End Week Higher
TEDPIX gained 79 points or 0.1% during the week that ended on March 9 to close at 93,691.2. Iran Fara Bourse’s benchmark index, IFX, gained 12.9 points or 1.2% to stand at 1,069.9
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