Tehran Stock Exchange main index hits all-time record

Business Materials 24 September 2013 13:44 (UTC +04:00)

Azerbaijan, Baku, Sep.24/ Trend R.Zamanov

The ongoing surge of Tehran Stock Exchange (TSE) continued on Tuesday.

TSE's main index (TEPIX) with a rise of 144-units reached 63,049 units, the Mehr News Agency reported. The figure is a new record for TSE.

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.