Iran’s capital market value hits $89.17 billion

Business Materials 6 August 2013 17:15 (UTC +04:00)

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

Iran's capital market value surpassed 2,764 trillion rials (about $89.17 billion based on the rate USD at the free market) on Tuesday.

The main index of Tehran Stock Exchange (TSE) also reached 57,674, the IRNA News Agency reported.

TSE's main index (TEPIX) faced a 258-unit rise on Tuesday.

TSE's industry index also increased by 235 units, stopping at 48,648.5 units.

TSE's main index (TEPIX) 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.