Tehran Stock Exchange

Turkish stock exchange markets' transaction volume increased by 2.5 times to hit a record 5.2 trillion Turkish Liras (around $700 billion) in the first quarter of 2020.

The main reason behind the sharp increase in the volume registered in the first quarter was the transactions carried out by local investors, said a report by the Turkish Capital Markets Association (TSPB).

Iran plans to offer price and tax incentives to private investors to take over idle state projects and help boost the economy, state media reported on July 28, as the country faces likely U.S. sanctions and the exit of many foreign companies.

Iran unified the country’s official and open market exchange rates, state media said, after its currency, the rial, plunged to an all-time low on April 9 on concerns over a return of crippling sanctions.

The Federation of Euro-Asian Stock Exchanges (FEAS) decided to move its headquarters from Istanbul to Yerevan during an extraordinary general assembly meeting in Tehran on May 16. 

In a written statement on May 17, the organization said a majority of members of the general assembly had decided to relocate FEAS' headquarters to Armenia after 22 years of operations in Turkey.

Bank Pasargad, Iran's second-largest listed bank, is looking to raise capital and expand overseas now that the country is free of the shackles of sanctions, a senior official told Reuters.

A few investors are racing to establish funds for Iran following last week's nuclear deal with world powers, and many others are tapping into multinationals already present in the $400 billion economy.

The agreement has made some seek a foothold in Tehran's $100 billion stock market even before sanctions are lifted, although others are taking a more cautious approach.