Live Update
From the Liveblog of
Tuesday, February 2, 2016
Iran stock exchange hits 1-year high after nuke deal
The Tehran Stock Exchange has rallied to a one-year high in the wake of Iran’s landmark nuclear deal with world powers last summer.
Hamid Rouhbakhsh, a spokesman for the stock exchange, says the index was at its highest peak in more than twelve months.
The volume of daily trade has increased from $40 million to $133 million since the implementation of the nuclear deal in January 2016.
Stockbroker Tahereh Mollaie says the rise shows that “trust is restoring to the market.”
— AP
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