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Payvand Iran News ...
01/19/11 Bookmark and Share
Tehran Stock Exchange's Index Hits Record High
Source: Mehr News Agency, Tehran

Tehran Stock Exchange's index reached 20,075 on Wednesday as an all-time high this Iranian calendar year (started March 20, 2010). Its previous record was set on January 3, 2011, when it hit 19,000.

Tehran's capital market value stood at 954 trillion rials (some $95 billion), the Mehr News Agency reported.

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


www.iranbourse.com

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

The world's fifth-largest oil exporter hopes to raise $12.5 billion by privatizing over 500 state firms during the 2010-11 year, and plans to sell all of its refineries and petrochemicals units, promising potential investors a solid return from the IPOs.

 

... Payvand News - 01/19/11 ... --


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