Iran’s capital market value surpass $103 billion
Azerbaijan, Baku, Sept. 30/ Trend, R. Zamanov
Iran's capital market value surpassed 3,200 trillion rials (about $103.22 billion based on the USD rate on the free market) on Monday.
The main index of Tehran Stock Exchange (TEPIX) with a rise of 391-units reached 65,720 units, the ISNA News Agency reported.
Persian Gulf Holding Company, Bandar Abbas Refinery, Esfahan refinery, Mobarakeh Steel Company, and Telecommunication Company of Iran units 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 (Which started onMarch 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.