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Tehran Stock Exchange main index hits record

Business Materials 10 July 2013 13:26 (UTC +04:00)

Azerbaijan, Baku, Jul.6/ Trend R.Zamanov

The on-going surge of the Tehran Stock Exchange (TSE) continued on Saturday as the main index reached 54,033 units.

Iran's capital market value also surpassed 2552 trillion rials, about $208.1 billion based on the official rate of the USD and $77.3 billion based on the rate of the free market, the IRNA News Agency reported.

TEPIX had surpassed the 50,000 unit level in only the previous week. The main index had hit 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.

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 the markets.

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