Tehran Stock Exchange’s TEPIX posts 100 per cent gain

Business Materials 9 November 2013 14:39 (UTC +04:00)

Baku, Azerbaijan, Nov. 9
By Fatih Karimov - Trend: The main index of the Tehran Stock Exchange (TEPIX) has gained 100 per cent since the beginning of the current Iranian calendar year (March 21), ISNA reported.

The index hit 76,000 points today. It had stood at 38,000 points on the second working day of the current Iranian calendar year.

Founded in 1967, the Tehran Stock Exchange has been one of the world's best performing stock markets recently 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 also ranked second 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 at the markets.