Tehran, Iran, April 19
Trend:
On April 15, Iran's Stock Exchange hit high records. According to experts, liquidity strength overcame other influential factors and brought a 3 percent growth to the total stock index, Trend reports.
This day, more than $306 million were exchanged in stock market. As national media reported, the total index has only been able to grow to 5,700 units during last 6 days and suddenly jumped to 5,721 units in one day. As a result, the total index has grown by more than 21.5 percent over the past 30 days.
“The capital market was positive overall and the company's last year's (ended on March 21, 2019) information was evaluated positive despite the rise in foreign exchange rate,” former CEO of FaraBourse Mustafa Omid-Ghaemi told Trend.
"Due to the stagnation in other markets, it seems that liquidity is directed toward the stock market, and the market is seeing successive booms,” he added. “Stock exchange brokers are organizing stock positions to welcome this wave."