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Tehran capital market value hits $84B

Source: Mehr News Agency, Tehran

Tehran's capital market value stands at 870 trillion rials (some $84 billion), the managing director of Tehran Stock Exchange (TSE) said here on Monday.

Hassan Qalibaf-Asl added that, "the amount shows 34 percent increase in comparison to the beginning of current Iranian calendar year (March 21)."

The Tehran Stock Exchange (TSE) is Iran's largest stock exchange, TSE, which is a full member of the World Federation of Exchanges and a founding member of the Federation of Euro-Asian Stock Exchanges, has been one of the world's best performing stock exchanges in recent years.

The most important advantage that Iran's capital market has in comparison with other regional markets is that there are 40 industries directly involved in it. Industries such as the automotive, telecommunications, agriculture, petrochemical, mining, steel iron, copper, banking and insurance, financial mediation and others trade shares at the stock market, which makes it unique in the Middle East.

The second advantage is that most of the state-owned firms are being privatized under the general policies of article 44 in the Iranian constitution. Under the circumstances, people are allowed to buy the shares of newly-privatized firms. Iran is among the few major economies that has maintained positive economic growth despite the 2008 global financial crisis.

... Payvand News - 12/27/10 ... --

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