Tehran Stock Exchange main index continues to fall
Azerbaijan, Baku, July 16/ Trend R.Zamanov
Tehran Stock Exchange (TSE) main index faced a 0.05 per cent drop on Tuesday, falling back to 54,235 units.
It was the fourth consecutive day of decrease in TSE's capital market, the IRNA News Agency reported.
It is while TSE's main index surpassed 55,000 units previous week.
TEPIX had surpassed the 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.