TSE shares plunge after Tehran terror attacks
The terrorist attacks in Iran’s capital on Wednesday triggered a plunge in share prices in the country’s key stock market and brought down the value of shares by around 0.67 percent.
Share prices in Tehran Stock Exchange dived by 535 points and fell into the channel of about 80,000 units before noon.
Experts were quoted by media as saying that the public anxiety created as a result of the attacks provoked investors to sell their shares in the market.
The key indexes were all in the negative territory toward the end of the afternoon session.
This is nonetheless seen as a temporary shock to the market and share prices would return to normalcy in the next session of trading.
Over a dozen were killed in twin terrorist attacks in the premises of Iran’s Majlis (Parliament) as well as the Mausoleum of the late founder of the Islamic Republic Imam Khomeini.
The casualties included civilians and guards. Around 35 people were also wounded.
Several assailants were also killed in shootouts with security forces.
The attacks started in what appears to have been coordinated assaults on both targets in the morning.
At least two assailants wearing explosive vests blew themselves up in Majlis and the Mausoleum.
Security forces say several terrorists have been captured alive – some of them before detonating the explosives they were wearing.
Iran’s Information Ministry announced later in the day that it had prevented a third team from launching an attack. No further information was provided.
Daesh Takfiri terrorist group has claimed responsibility for the attacks.
* Note: Press TV in its original version of the above story had mistakenly said TSE share prices had plunged by 67 percent. The figure has been corrected in an update on Friday, 9 June 2017.
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