Markets in Brief 02.03.2018

Tehran Stock Exchange experienced some rather non-exciting days over this week. The overall index, TEPIX, dropped several times and closed at 97,961 points on Wednesday afternoon, 0.2 percent less than a week ago. It is partly due to the last weeks of the Iranian fiscal year, as well as the global drop in commodities prices. See the charts above.

The Central Bank of Iran has announced that 302,000 gold-coin over eight days were sold, at the total price of 4200 billion IRRs (112 million USD). These coins are supposed to be delivered within six or 12 months. The current price for each gold-coin is 15.120 million IRR.