October 25-2013
The Tehran Stock Exchange (TSE) has taken off like a rocket. The exchange’s TEPIX index hit a record 74,400 Saturday, having passed 70,000 only six days earlier. That flat period on the chart ended in August 2012. In the 14 months since then, the index has risen almost 200 percent. (198 percent if you want more precision.) The surge cannot be attributed to the election of President Rohani since it began almost 10 months before that.
