Iran stocks soar on sanctions relief

A leap by the Tehran stock market in the past four weeks contrasts with gloom in many bourses around the world and hints at Iran’s investment potential as its economy, long isolated by sanctions, rejoins the global trading system. The TEDPIX index has soared 18.3 percent since Jan. 16, when the sanctions were lifted after an international deal on Iran’s nuclear programme. Average daily trading turnover has tripled from last year to around $150 million.



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