Tehran bourse falls prey to nuclear uncertainty and falling oil | beyondbrics

Tehran bourse falls prey to nuclear uncertainty and falling oil | beyondbrics:



"

Tedpix index, 2 years. Source: Tehran Stock
Exchange

Iranian investors’ concerns over the future of nuclear negotiations with the world powers, added to falling oil prices, have caused further falls in shares prices on the Tehran Stock Exchange.



The bourse’s main index, the Tedpix, closed at 66,902 on Wednesday – the last working day this week – about 11 per cent down from its 75,949 points on November 24, when investors expected the nuclear negotiators to yield results, particularly an easing of international sanctions over Tehran’s nuclear programme.


The decline comes after the market saw a rise of about 130 per cent in 2013, mainly due to the market’s adjustment to inflation of about 40 per cent and a 50 per cent drop in value of Iran’s currency, the rial, due to sanctions."



'via Blog this'