Baku, Azerbaijan, Mar. 17
By Khalid Kazimov - Trend:
Tehran Stock Exchange main index (TEPIX) for Tuesday fell 3,589 points to reach 61,532.
This comes despite a positive trend in the past two days, after a high of 64,989 points on March 16. The TEPIX rose unexpectedly 539 points on March 14 and stood at 64,610 points.
On Tuesday, 30 major companies stocks fell by 113, public float by 3,977, First Market by 3,574, Second Market by 1,014, and industry by 3,427 units, IRNA news agency reported March 17.
The fixed-weight main index fell by 111, the fixed-weight price index by 102, and the price-weighted price index by 1,548.
A total of 1 billion 54 million shares were traded in 40 thousand transactions with a value of 1,690 billion rials (27,996 rials making USD1). The day's market value increased by 2,750 billion rials.
The TEPIX plunge today came after reinstituting shares of refineries and petrochemical plants to the stock exchange after a nine-month hiatus. These companies share 10 percent of the stock market.
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.
Edited by CN