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Tehran Stock Exchange main index gains 30 percent

Business Materials 29 June 2013 12:00 (UTC +04:00)

Azerbaijan, Baku, Jun.29/ Trend F.Karimov/

The Tehran Stock Exchange main index has gained 29.9 percent profit since the beginning of the current Iranian calendar year (March 21, 2013), the Mehr News Agency reported.
The TSE main index rose by 11,387 units by June 26.

Some 2.416 shares, valued at 7.852 trillion rials (about $640 million) have been transacted since the beginning of the year.

Iran's Securities and Exchange Organization Head Ali Salehabadi said in February 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) 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.

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