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Tehran Stock Exchange Soars on Hopes for Detente
(Bloomberg) Ladane Nasseri - The Tehran Stock Exchange's benchmark index soared 133% this year through Dec. 24 to a record, with most of the rally following the June election of President Hassan Rouhani, who has pledged to re-establish ties with the world economy. Iranians are pulling out of conventional stores of wealth - gold, dollars and real estate - to invest in the stock market, according to Tehran-based investment boutique Turquoise Partners.