Baku, Azerbaijan, Oct.12
By Fatih Karimov - Trend: Tehran Stock Exchange's main index (TEPIX) rose by 20 points on October 12 compared to the day before, standing at 71,791 units.
The main market's value hit $100.6 billion, Iran's Fars news agency reported on October 12.
The over-the-counter market's value hit $20.9 billion.
USD exchange rate is currently about 32,000 rials.
Iranian Minister of Economic Affairs and Finance Ali Tayebnia has ordered insurance companies and major banks to support the country's capital market.
Bank Melli Iran, Bank Mellat, Bank Sepah, and Tejarat Bank are supposed to inject some 40 trillion rials (some $1.33 billion based on the exchange rate of USD at the free market) to the Capital Market Development Fund in the near future.
The main index of Tehran Stock Exchange (TEPIX) started the previous Iranian calendar year (which started on March 21, 2013) with a surprising rise, but faced a disappointing fall in the last two months of the 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.