Tehran Stock Exchange reaches historic high

TEHRAN,Nov.15(MNA) -- The main index of the Tehran Stock Exchange (TEPIX) hit a historic high at 31,336 point on Wednesday. The Tehran Stock Exchange increased 121 points on Wednesday, while the industry index climbed 131 points, reaching 26,321. The Tehran Exchange Market’s value has increased steadily in current year despite U.S.-led sanctions on Iran’s economy. While the stock markets of the Middle East and North Africa region saw a very poor year in 2012, Tehran Stock Exchange experienced an unprecedented growth, leading the financial markets of the region. Sanctions against Iran have done nothing to dent a boom in its stock market, as investors bet on a continued rise in company stocks which have been undervalued for years. The index has now posted a very high jump since March 20, when it reached 12,537 points on the last day of the Iranian year.