Iran's TSE index soars, surpasses 38,000
Azerbaijan, Baku, Feb.12/ Trend, F. Milad
The TSE's ongoing surge continued on Tuesday as the main index, TEPIX, soared to a fresh record, surpassing 38,640 units, the ISNA News Agency reported.
Isfahan Refinery's shares were once again offered on the TSE this week, which caused a boost in transactions, the IRNA News Agency reported.
Head of Iran's Securities and Exchange Organization 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 2,150 trillion Rials (about $175 billion) in 2012 from 400 trillion Rials (about $32 billion) in 2006, 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 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.