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Tehran Stock Exchange main index drops 100 points

Business Materials 28 February 2015 17:16 (UTC +04:00)

Baku, Azerbaijan, Feb. 28

By Fatih Karimov - Trend: Tehran Stock Exchange main index (TEPIX) dropped 100 points on Feb. 28 and stood at 63,950 points.

Some 291 million shares, worth 570 billion rials (about $21 million based on official exchange rate) were sold on the Tehran Stock Exchange, Iran's Fars news agency reported on Feb. 28.

The capital market value hit 2860 trillion rials (about $106 billion).

Meanwhile, the over-the-counter market's index dropped one point and stood at 715 points.

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.

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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