Iran’s capital market hits $113 billion
Azerbaijan, Baku, Oct.15/ Trend R.Zamanov
The on-going surge of the main index of the Tehran Stock Exchange (TEPIX) continued on Tuesday.
TEPIX, with a 679-unit rise reached 72,151 units, the IRNA News Agency reported.
Iran's capital market value also surpassed 3524 trillion rials which is about $113 billion based on the rate USD on the free market.
Tehran Stock Exchange's efficiency ratio is now 76.13 per cent. Its main index (TEPIX) had hit 39,000 units on 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 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 second among all the members of the World Federation of Exchanges (WFE).
The WFE is the association comprising 52 regulated exchanges around the world which aims to develop and promote market standards.