Middle East Economic Survey
TEPIX Steady Despite Political Unrest
The Tehran Stock Exchange (TSE) has reacted mildly to the recent post-election political turmoil in Iran. The TEPIX index which stood at 9,343.3 on 10 June, on the eve of the 12 June presidential election, fell by 96 points to a low of 9,247.2 on 17 June, before bouncing back to 9,339.0 at the close of trading on 24 June. But there were more fluctuations in the number and value of shares traded over...