Iran's stock market surges past key level to record high, as analysts warn of bubble

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Iran's stock market surges past key level to record high, as analysts warn of bubble
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Iran's main stock index broke through the key 2 million point mark for the first time ever on Sunday, state media reported, amid warnings that the market is overheating.

FILE PHOTO: A woman looks at an electronic board showing stock prices, following the outbreak of the coronavirus disease , at Tehran Stock Exchange in Tehran, Iran, May 12, 2020. WANA /Ali Khara via REUTERS

The Tehran Stock Exchange’s benchmark TEDPIX index gained 46,844 points in early trading, the official IRNA news agency said, up 2.4%.

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