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Iran's stock market zooms past key level to record high, analysts warn of bubble


Iran's clerical rulers have been encouraging ordinary Iranians to invest in local stocks to boost the country's economy, which has been hard hit by the reimposition of US sanctions over Tehran's nuclear programme

The Tehran Stock Exchange's benchmark TEDPIX index gained 46,844 points in early trading, the official IRNA news agency said, up 2.4%.

The index closed at 1,961,649 on Saturday after surging by over 57,325 points, or 3.01%, on the day, according to the Tehran Stock Exchange (TSE) website.

Iran's clerical rulers have been encouraging ordinary Iranians to ...


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