Tehran Stock Exchange Up Over 120% Since March

December 3, 2013


Inside this Issue


BOOM: Tehran Stock Exchange Up Over 120% Since March

Tehran Stock Exchange Up Over 120% Since March

(FTMDaily.com) Iranian investors have long preferred gold and real estate to paper assets, like stocks. However, the long boom in Iranian stocks have driven many of the country’s investors into the stock market for the first time. Since the beginning of the current Iranian calendar year – March 21, 2013 – the Tehran Stock Exchange main index (TEPIX) has gained more than 120 percent, recently closing above 82,000.

MEANWHILE…

Report: Obama Planning Official Visit to Iran in Mid-2014

A Kuwaiti news source, Al-Jarida, has reported that President Obama is seeking to arrange an official state visit to Iran in mid-2014.

The headline and snippet of the story…

Obama would like to visit Tehran, official invitation after details resolved

“Al-Jarida has learned from a U.S. diplomat that President Barack Obama is seeking to visit Tehran in the middle of next year… The source said that the desire to visit is shared, and that Tehran and Washington are waiting for the conclusion of the arrangements prior to Iranian President Hassan Rohani issuing an official invitation to his American counterpart to visit Tehran… He wants to be the first U.S. president to visit Iran since the Khomeini revolution in order to show that he is an advocate of peace and dialogue even with those who chant death to America.”

The White House has officially denied the Al-Jarida report.



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