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Tehran bourse roars to 2-year high

14 March 2016 15:17

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Tehran’s benchmark TEPIX index rises above the 80,000-point mark for the first time in two years, driven by continued optimism about prospects of an economic growth following the lifting of sanctions.

The Tehran Stock Exchange (TSE) shrugged off France’s warnings of possible European sanctions on Iran over its recent ballistic missile launches to surge a whopping 870 points and hit 80,236 at the close on Monday, IRNA reported.

Steel, telecommunication and automotive industries made the biggest gains in the day during which about $135,000 worth of stocks were traded.

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