Middle East Economic Survey
TEPIX Rises Slightly As Calm Returns
The Tehran Stock Exchange (TSE) has made small gains last week, following the recent post-election political unrest in Iran. The TEPIX index rose to 9,471.0 on 1 July from 9,339.0 on 24 June as street protests became less frequent, compared to 9,343.3 on 10 June, on the eve of the 12 June presidential election, the results of which continue to be contested by opposition leaders. The exchange rate of the...