Iran’s OTC market value hits $10.5 million
Azerbaijan, Baku, Aug.6 / Trend F.Milad /
Some 16 million shares, valued at 129 billion rials (around $10.5 million), were traded at the Over-The-Counter (OTC) market of Iran on Monday, the IRNA News Agency reported.
Isfahan Steel Company had the highest transaction with dealing 7.644 million shares.
While the stock markets of the Middle East and North Africa region saw a very poor year in 2011, Tehran Stock Exchange experienced an unprecedented growth of 30 percent, leading the financial markets of the region, a report by the Economist said.
The capital market's value has reached some 1,260 trillion rials (around $103 billion), the Securities and Exchange Organization's director announced on January 28.
"Taking the OTC market into account, the figure stands at 1,560 trillion rials (some $127 billion)," Ali Saleh-Abadi said, IRNA news agency reported.