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The five-year rally in Iranian stocks is coming to an end as optimism fades that President Hassan Rouhani can resolve an international standoff over the Iran's nuclear program.Over the previous five years, shares soared 910 percent, or about 300 percent in dollar terms after factoring in the rial's declines.The six-month plunge in oil, Iran's biggest income source, deepened the sell-off.Saderat Bank, subject to European Union sanctions since 2010, and Parsian Oil & Gas this year tumbled more than 31 percent from 53-week highs.Iran's revenue from crude sales fell 30 percent because of oil's plunge, which could put pressure on the budget, Rouhani said Dec. 8 .The $7 billion in sanctions relief secured last year spurred bets Iran's $366 billion economy would recover from a recession.Iran's economy will expand 1.5 percent in 2014 after shrinking 5.6 percent and 1.7 percent in the previous two years respectively, according to IMF estimates in April, prior to crude's slide.
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