Tehran Stock Exchange Benchmark Gains 13 Percent in Q1 - Report

Iran's financial markets had no shortage of drama in the first quarter of the current fiscal year (March 21-June 21). 
A burst of currency shocks led to a major change in the government's foreign currency policy, the United States pulled out of the nuclear deal after months of uncertainty and as a grand finale, an unexpected flood of money supply spawned a relentless stock market bull run leading equities to new heights.
In fact, unprecedented is the keyword to describe this quarter, as none of the previous years' quarters experienced such loads of political risks and financial turbulence, culminating in the revival of depressed stocks.
And the numbers speak for themselves. Tehran Stock Exchange's primary index TEDPIX gained 12,582.7 points or 13% in Q1 to set an all-time high record of 108,872.6. This growth is already more than half of what stocks gained during the previous fiscal year (March 2017-18).