Tehran Stock Exchange’s main index posts 106 per cent gain

Business Materials 22 November 2013 13:00 (UTC +04:00)

Baku, Azerbaijan, Nov. 21

By Fatih Karimov - Trend:

The main index of the Tehran Stock Exchange (TEPIX) has gained 106 per cent since the beginning of the current Iranian calendar year (March 21), ISNA reported on November 21.

The index hit 78,424 points on Thursday. It had stood at 38,000 points on the second working day of the current Iranian calendar year.

Over 14.89 billion shares, worth over 660 trillion rials, about $26.5 billion were traded during the eighth calendar month of Aban (ended on November 21).

Moreover, 813,153 bonds, valued at 813 billion rials, about $32.5 million were sold during the month of Aban.

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 on the markets.