Iran stock market soars but much of economy remains stagnant - FT.com

Iran stock market soars but much of economy remains stagnant - FT.com:

"

Record highs have become routine at the Tehran Stock Exchange as hopes soar in Iran’s markets that the government of Hassan Rouhani will bring about an improvement in the economy and ease international sanctions over the nuclear programme.

The main index, the Tedpix, reached 7,1471.8 on Monday, the latest in series of daily rallies since late last month when Iran’s president attended the UN General Assembly and spoke directly to Barack Obama in the first conversation between presidents of the two countries since 1979. The index has risen by 12 per cent since the New York visit, and by 37 per cent since Mr Rouhani’s surprise victory in mid-June."

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