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Tehran Stock Exchange registers new record

Business Materials 1 October 2013 14:29 (UTC +04:00)

Azerbaijan, Baku, Oct.1/ Trend R.Zamanov

The on-going surge of the main index of the Tehran Stock Exchange (TEPIX) continued on Tuesday.

TEPIX with a rise of 400 units reached 66,120 units, the IRNA News Agency reported.

Iran's capital market value also surpassed 3,224 trillion rials, about $104 billion based on the rate USD on the free market.

Fanavaran Petrochemical, Iran Shipping Lines, Tidewater Middle East Company, Bank Saderat of Iran, Golgohar Mineral and Industrial Company and Irankhodro Company marked the most significant rises.

TSE's main index (TEPIX) had hit 39,000 units in the second working day of the current Iranian calendar year, 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 an association of 52 regulated exchanges around the world which aims to develop and promote standards in markets.

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