Tehran Stock Exchange (TSE) continued rising until Tuesday, then it started to fall. It seems that the creation of a parallel market for exchange rate has been appealing to the exporters. They can sell their foreign currencies at higher rates respect to the fixed exchange rate by the government. It had a positive effect on the market.
However, the closure of the Bazzar on Monday, naturally sent negative signals of panic to Tehran Stock Exchange as well. Finally, on Wednesday afternoon, TSE’s main index, TEDPIX, reached 111325 points. 2.25% higher than a week ago. See the charts above.
