2 New Companies Listed in the TSE after 14 Months

Saturday, 4 November 2006

After 14 months, two new companies have been listed in the Tehran Stock Exchange (TSE). Gostaresh Sarmayegozari Iran Khodro (Iran Khodro Investment Development Co.) a holding company engaged in automotive industry, and Melli Sanaye Mess Iran (Iran Copper Industrial National Co.) a company engaged in copper mining activities, were the last two companies listed in the TSE. Market started to flourish after a bearish trend of about 18 months, moving up now for the fourth month in a row. Listing the abovementioned two companies is one of the signs of the upcoming bullish trend.