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Iran’s OTC market transactions’ value hits $4.4bln

Business Materials 5 November 2011 16:05 (UTC +04:00)

Azerbaijan, Baku, Nov.5 / Trend F.Milad/

The total value of transactions on the Iranian over-the-counter market has exceeded 48,000 billion rials (some $4.4 billion) since early this year, showing 150 percent rise compared with the same period last year.

Over the past two weeks, over 775.7 million shares valued at around $250 million, have been dealt on the OTC market, the Mehr news agency reported.

The Tehran Stock Exchange (TSE) index grew up to 46 percent in the first seven months (ended on Oct. 22) of this year compared with the same period last year, the TSE's general director said.

Hassan Qalibaf-Asl said the growth of the TSE index was rerecorded at a time when most members of the World Federation of Exchanges (WFE), as well as regional markets, have faced negative outputs.

He said the Iranian capital market is valued at around 440 trillion rials (some $44 billion) in the seven-month period of time, showing 24 percent growth over the year.

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