Iran’s TSE main index nears 33,000

Business Materials 1 December 2012 17:02 (UTC +04:00)

Azerbaijan, Baku, Dec.1/ Trend F.Milad‎‏/‏

The TSE's ongoing surge continued on Saturday as the main index, TEPIX, soared to a fresh record, reaching 32,741 units, the Mehr News Agency reported.

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 (WFE).

The WFE is the association of 52 regulated exchanges around the world which aims to develop and promote standards in markets.

Tehran Stock Exchange (TSE) and Karachi Stock Exchange (KSE) inked a memorandum of understanding to boost bilateral ties on November 20.

The managing directors of TSE and KSE, Hassan Qalibaf-Asl and Nadeem Naqvi, signed the MoU, the Fars News Agency reported.

The two sides will study the possible ways to exchange knowledge.