Iran’s benchmark stock index tops record 5 million points
Iran's benchmark stock index surged past the 5-million-point level for the first time on Tuesday, closing at 5,100,000 points after gaining 119,898 units, as the market extended its recovery following a wartime trading halt, state-run IRNA reported.
The main Tehran Stock Exchange (TSE) index gained 119,898 points to close at 5.1 million points, while the equal-weight index rose 15,000 points to 1.351 million, according to state media.
The total value of the TSE entered the 15,000 trillion-toman range (about $96.5 billion), while daily turnover reached 254.9 trillion tomans ($1.64 billion). Retail trading exceeded 40 trillion tomans ($257 million).
Top performers included Persian Gulf Petrochemical (FARS) and Mobarakeh Steel (FMLY), which contributed 38,000 and 22,000 points to the benchmark index's rise, respectively.
Among the most actively traded stocks, Bank Mellat (WEBMELAT) saw 36 billion shares, Iran Khodro (IKCO) traded 26 billion shares, and SAIPA (KHSAAPA) recorded 10 billion shares.
On the self-regulatory Iran Fara Bourse, index also climbed 258 points to 38,420.
The gains followed months during which the Tehran bourse came under heavy pressure from wartime conditions, political uncertainty and a prolonged trading halt that led many investors to adopt a cautious stance.
Trading on the TSE resumed on May 19 after an 80-day suspension, with Iranian equities ending the session stronger than expected and showing early signs of stability following the prolonged halt caused by the war.
The stock market had been closed since February 28 following US and Israeli aggression on Iran.