Tehran Stock Exchange main index falls back to 54,000 units
Azerbaijan, Baku, July.13/ Trend R.Zamanov
Tehran Stock Exchange (TSE) main index faced a sharp drop on Saturday, falling back to 54,000 units.
The capital market also stood at 2,677.76 trillion rials ($81.14 billion based on the USD price in free market), the FARS News Agency reported.
It is while TSE's main index had surpassed 55,000 units previous week.
TEPIX had surpassed 50,000 units two week ago. 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.
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.