Foreigners can enter the bourse in Tehran with almost as many listed companies as Istanbul.
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One of the world's hardest-to-enter stock markets just became more accessible to investors. As financial sanctions are eased against Iran, foreigners can enter a bourse in Tehran with almost as many listed companies as Istanbul. The lifting of sanctions will allow the country to compete for investor attention with Saudi Arabia, which opened the region's biggest stock market to direct foreign ownership seven months ago.While investing on Tehran's bourse is already legal for many international investors, financial sanctions placed on the banking system have made it almost impossible to transfer money in and out of the country. The majority of those sanctions are being removed after an international deal over Iran's nuclear ambitions, allowing the nation's banks to reconnect to the Swift system for international financial transactions.Sanctions will remain in place on about 200 businesses and individuals, some of them connected to listed companies.Sturgeon Capital, a London-based hedge fund, said it identified about 50 companies, or some 10 percent of those traded on the Tehran Stock Exchange, that were sanctions-compliant and not exposed to any entities previously sanctioned or that remain sanctioned after implementation of the nuclear deal.
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