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Iran's TSE overall index hits 37,233 units

Business Materials 23 January 2013 15:58 (UTC +04:00)

Azerbaijan, Baku, Jan.23 / Trend F.Milad /

More than 322.5 million shares, worth about 1,845 billion rials (around $150.4 million based on the official rate of USD) were transacted at the Tehran Stock Exchange on January 23, the Mehr News Agency reported.

The capital market's value reached 1.68 trillion rials (about $137 million) and the main index rose to 37,233.

Iran's Securities and Exchange Organization Head Ali Salehabadi said earlier this month that the total value of Iran's capital market, including the TSE and the Over-the-counter markets, is half of the gross domestic production (GDP).

The capital market's total value rose to 2150 trillion rials (about $175 billion) in 2012 from 400 trillion rials (about $32 billion) in2006, he added.

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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