Economics
Iranian Stocks and Currency Gain as Sanctions Relief Looms
US Secretary of State John Kerry (L) meets with Iranian Foreign Minister Javad Zarif (R) in Vienna, Austria on Jan. 16,
Photographer: Kevin Lamarque/AFP/Getty ImagesThis article is for subscribers only.
Iranian shares climbed to the highest level in almost five months and the rial gained as diplomats gathered in Vienna to announce the end of international economic sanctions against the country’s nuclear program.
The benchmark TEDPIX index gained 2 percent to 64,860.9 at the close in Tehran, the highest level since Aug. 23, data posted on the exchange’s website showed. The currency gained 2 percent, according to Daily Rates For Gold Coins and Currencies, a Facebook page used by businessmen based in Iran and abroad.