Tehran Stock Exchange hits new record high

Tehran Stock Exchange hits new record high

The main benchmark index of the Tehran Stock Exchange has reached a new all-time high, rising by 116,000 points to 5.097 million points in a single trading session.

EDnews reports, citing Iranian media, that the gain represents an increase of nearly 2.3 percent and marks a new historical record for the TEDPIX index. Iran's state broadcaster, IRIB, described the development as an unprecedented milestone for the country's stock market.

The equal-weighted index, which reflects the performance of small and medium-sized companies, also recorded significant growth. According to the Tasnim news agency, the index climbed by 31,000 points to reach 1.368 million points.

The surge comes after Iran reopened its stock market last month following an 80-day suspension linked to the war. While the stock exchange is not the primary source of economic financing in the sanctions-hit country, it remains an important indicator of economic conditions, investor confidence, and market liquidity.

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