Baku, Azerbaijan, Nov. 16
By Rahim Zamanov - Trend:
The ongoing surge of the main index of Tehran Stock Exchange (TEPIX) continued on Saturday.
TEPIX with a 740-unit rise reached 77,673 units, the IRNA News Agency reported.
The value of Iran's capital market has increased by 171 per cent in the past year.
The main index of Tehran Stock Exchange (TEPIX) has also faced 93 per cent 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 Oct. 21.
TEPIX had hit 39,000 units in 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 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.