Tehran Stock Exchange main index rises again

Business Materials 3 July 2013 12:27 (UTC +04:00)

Azerbaijan, Baku, Jul.3/ Trend R.Zamanov

Tehran Stock Exchange (TSE) main index once again rose on Wednesday reaching 52,441 units.

The TEPIX had fallen to under 52,000 units on Tuesday, the ISNA News Agency reported.

Iran's capital market value has surpassed 2,483 trillion rials (about $202.5 billion based on the official rate of USD and $75.26 billion based on the rate of free market).

TEPIX had surpassed the 50,000 units' level only on Saturday. The main index had hit 39,000 units on the second working day of the current Iranian calendar year, 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 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.