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Tehran Stock Exchange main index hits 80,977 units

Business Materials 19 February 2014 13:25 (UTC +04:00)

Baku, Azerbaijan, Feb. 19

By Rahim Zamanov - Trend:

The main index of Tehran Stock Exchange (TEPIX), with a 541-unit rise, stood at 80,977 units on Feb. 19.

The first market's index also reached 60,178 units, some 326 units more than yesterday.

The second market's index with a 1,440-unit rise stood at 155,577 units.

The main index of Tehran Stock Exchange (TEPIX) started the current Iranian calendar year (which started on March 21, 2013) with a surprising rise, however, it has been experiencing a disappointing falling trend in the past month.

TEPIX had surpassed 89,500 nearly a month ago.

The IRNA News Agency reported on December 15, 2013 that Tehran Stock Exchange's efficiency ratio has increased by 128 percent since the beginning of the current Iranian calendar year.

TSE's main index (TEPIX) had hit 39,000 units in the second working day of the current Iranian calendar year.

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

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

The WFE is the association of 52 regulated exchanges around the world which aims to develop and promote standards in markets.

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