The main index in Tehran Stock Exchange (TSE) rose by 58,713 points to 2.852 million points on Sunday, a day after it had risen by more than 64,000 points to approach the 2.8 million mark.
The index had fallen by nearly 0.3 million points to around 2.5 million points in the summer after many investors sold their shares following an Israeli aggression in June and amid the continued rise in global gold prices.
The main index in Iran’s Farabourse, a smaller market for trading securities and other financial instruments, also increased by 205 points to reach 24,990 points on Sunday.
The total value of the TSE reached 85,640 trillion rials (over $76 billion), up from 78,000 trillion rials reported in early September.
More than 40 billion shares changed hands in more than 0.441 million times of exchange in the TSE’s main hall on Sunday. The total value of the shares traded reached more than 134 trillion rials.
The rise in Iran’s local stock market came after gold and foreign currency prices fell following a record rise reported earlier this week because of the re-imposition of United Nations nuclear sanctions on the country.
The US dollar closed at 1.12 million rials on Sunday, down from records of 1.17 million rials reported earlier this week.
A gram of gold was worth 104 million rials on Sunday, down from highs of over 110 million rials reported earlier this week.
