Tehran Stock Exchange’s main index hits 82,000 points

Business Materials 27 November 2013 12:59 (UTC +04:00)

Baku, Azerbaijan, Nov. 27

By Fatih Karimov - Trend:

The main index of the Tehran Stock Exchange (TEPIX) hit 82,000 points, the Fars News agency reported on November 27.

The market value has exceeded 4000 trillion rials which is around $161 billion based on the U.S. official exchange rate of 24,880 rials, according to the report.

On November 21, ISNA reported that the TEPIX has gained 106 per cent since the beginning of the current Iranian calendar year (March 21).

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 the 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.