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About $61 million worth of stocks traded on OTC market

Business Materials 13 November 2012 17:22 (UTC +04:00)

Azerbaijan, Baku, Nov.13/ Trend G.Mehdi/

Roughly 117 million stocks, valued at around 750 billion rails (about $61 million) were traded at the Over-The-Counter (OTC) market of the Tehran Stock Exchange on Tuesday, ISNA reported.

The Isfahan Steel Company had the highest amount of traded stocks, according to the report.

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 also ranked second 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.

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