'Tehran Stock Exchange hits a record high' [PressTV]
- uploaded: Oct 23, 2012
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Tehran Stock Exchange's overall index hits record high. Investors analyze world and domestic economic news, take an educated risk and invest in the stock market, with luck on their side. In the last few months, the price of dollar has seen a hike in Iran's foreign exchange currency market. This translates to more revenue for companies that export. The deputy of Tehran Stock Exchange says the hike in dollar prices is not the only reason that has contributed to Tehran Stock Exchange overall index.
He added that the rise in Tehran Stock Exchange Index is not a bubble.
Stock brokers here say that this is a good market. They say that the statistics published in this area is confirmed by international watchdog institutions
The first rule of the market is that not everyone wins
Officials say that there are 326 companies in 37 different types of industries in Tehran Stock Exchange. They add that Iran's Stock Exchange is worth 138,000 trillion Rials and the daily transactions are worth around 120 trillion Rials. Companies showing the most profit, are mostly in pharmaceutical, petrochemical and steel businesses.