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Iran’s capital market value hits $13.8 billion

Business Materials 18 February 2013 16:30 (UTC +04:00)

Azerbaijan, Baku, Feb.18 / Trend F.Mehdi/

Iran's capital market value reached 174 trillion rials (about $13.8 billion) today, IRNA reported.

More than 233 million shares, worth about 1.365 trillion rials (around $111 million) were transacted at the Tehran Stock Exchange today.

The main index gained 55 units to hit 38,710.

Iran's Securities and Exchange Organization Head Ali Salehabadi said on January 7 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).

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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