Iran TSE main index hits record rate
Azerbaijan, Baku, June 22 /Trend R.Zamanov/
The ongoing surge of Tehran Stock Exchange (TSE) main index continued on Saturday as the TEPIX surpassed 49,017 units.
This is considered a new record for TSE's main index, the Mehr News Agency reported.
TEPIX stood at 46,623 on June 15 after an unprecedented daily rise of 951 units. It surpassed 47,000 units on June 16 and soared to 48,000 units on June 17.
TEPIX reached 48,783 units on June 18.
Some experts believe that the unprecedented rise is due to the result of Iran's presidential election. Reformist candidate Hassan Rohani was elected as Iran's president last week with 50.7 per cent of the votes.
TEPIX had surpassed 39,000 units in the second working day of the current Iranian calendar year (Which started on March 21).
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.