Sanctions against Iran have done nothing to dent a boom in its stock market, as investors bet on a continued rise in company stocks which have been undervalued for years, the head of the Tehran bourse said.
New trading instruments, privatisations and several IPOs helped the Tehran Stock Exchange's main index rise 57 percent last year, Hassan Ghalibaf Asl said, adding that the latest round of sanctions -- some of which target financial services -- had not harmed the market.
The sanctions from the United Nations Security Council, the United States and the European Union aim to put further pressure on Tehran over its nuclear programme, which the U.S. and its allies see as an attempt to make an atomic bomb.
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