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Tehran Stock Exchange up 80% for the year

Source: Tehran Times

The Tehran Stock Exchange main index (TEPIX) has gained around 80 percent since the beginning of the current Iranian calendar year (March 21, 2013). The TEPIX hit 68,461on Wednesday.

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Trading volume for the week ended on Wednesday reached 4.498 billion shares worth 22.843 trillion rials (about $920 billion based on the official U.S. dollar exchange rate of 24,800 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.

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