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Stock Investors in Iran in Wait-and-See Mode

Business & Markets Desk
Stock Investors in Wait-and-See ModeStock Investors in Wait-and-See Mode

Investors took a wait-and-see approach last week at the stock market, as political tensions escalated between Iran and the United States, with the first wave of sanctions against the Islamic Republic approaching closer.

Yet, despite limited trade growth over the impending risks, positive corporate performance reports for the first quarter of the current fiscal year (March 21-June 21) sparked a glimmer of hope and stocks ended the week higher.
Overall, TSE's all-share index TEDPIX gained 1,024 points or 0.9% during the week that ended on July 25 to close at 108,800.1.
Iran Fara Bourse’s benchmark index, IFX, won 21.7 points or 1.8% to stand at 1,232.5.

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