Tehran Stock Exchange Index sets new record in Iranian stock exchange history

The Tehran Stock Exchange index rose 3.1 percent on Monday compared to the previous day, reaching over 311,000 points, the highest figure in the history of the Iranian stock exchange.

According to statistics from the official Tehran Stock Exchange website, more than 480,000 transactions took place on the stock market on Monday.

Petrochemical companies, energy industries, and metals have had the greatest impact on the increase in the stock market index.

The stock market index rose from below 100,000 points in late 2017 to around 180,000 points at the beginning of this year, and has soared to over 311,000 points over the past six months.

Of course, during the same period, the dollar has risen from 4,700 tomans to 11,400 tomans. Many major companies on the stock exchange are export-oriented, and the increase in the dollar increases their rial income.

Domestically, the prices of these companies' products have also increased in rial terms due to inflation of over 40%.

Thus, the value of their shares in terms of rials also increases, causing the index to soar.

Source: Radio Farda