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07/01/13

Tehran Stock Exchange up 30% so far this year

Source: Tehran Times

The Tehran Stock Exchange main index (TEPIX) has gained around 30 percent since the beginning of the current Iranian calendar year (March 21, 2013). The TEPIX hit 43,153 on Saturday.

On Thursday, trading volume reached 2.416 billion shares worth 7.852 trillion rials (about $640 million based on the official U.S. dollar exchange rate of 12,260 rials), the Mehr News Agency reported.

In January, the chairman of Iran's Securities and Exchange Organization, Ali Salehabadi, said that the total value of Iran's capital market, including the Tehran Stock Exchange and the over-the-counter markets, is half of the gross domestic product (GDP).

Founded in 1967, the Tehran Stock Exchange (TSE) has been one of the world's best performing stock markets in recent years and ranked as the best bourse index in Europe, Africa, and the Middle East in 2010 in terms of performance of the main index.

The TSE's annual growth rate of main indices also ranked second among all members of the World Federation of Exchanges (WFE) in 2010.

... Payvand News - 07/01/13 ... --



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