Iran’s equities gained for a fifth day as investors speculated officials from the Persian Gulf country and world powers may soon agree on a nuclear deal.
The Tehran Stock Exchange’s benchmark TEDPIX Index rose 2.3 percent at the close, the highest in three months. Tamin Petroleum & Petrochemical Investment Co. was the biggest contributer to the increase, advancing 4.6 percent.
Iran moved closer to ending a 12-year dispute that led to sanctions after reaching a deal Sunday to lift a United Nations arms embargo, resolving one of the biggest issues in the negotiations. An agreement to start removing restrictions that have crippled Iran’s economy may be reached as soon as today, according to diplomats involved in the talks….