Iran’s stock market is one of the bourses least correlated with other world markets – and the more sanctions are imposed, isolating it further, the more it is surging.
By the end of August, the Tehran Stock Exchange had risen by more than 50% in 2010, with trading triple the volume of 2009. Total market capitalization has surpassed $80 billion, a record high.
This is despite both the EU and the UN imposing new sanctions on the country over the summer.
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