Tehran Stock Exchange main index rises by 93 percent
Azerbaijan, Baku, Oct.21/ Trend, R. Zamanov
The main index of the Tehran Stock Exchange (TEPIX) has faced a 93 percent increase in the current Iranian calendar year, which started on March 21, Hassan Qalibaf-Asl, the managing director of Iran's Security Exchange Organization, said on Monday.
"TSE's main index (TEPIX) is above 73,000 units now. This is while the figure was around 38,000 last year," the IRNA News Agency quoted Qalibaf-Asl as saying.
TEPIX had hit 39,000 units in the second working day of the current year.
"The value of Iran's capital market has increased by 110 percent in the mentioned period as well," he said.
Iran's capital market value is currently around 3.63 trillion rials (about $117.1 billion based on the rate USD at the free market).
"It is while the capital market value was around 1.70 trillion rials (about $54.8 billion based on the rate USD at the free market) at the beginning of the current year," Qalibaf-Asl added.
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.