TSE’s main index registers new record

Business Materials 30 November 2013 18:17 (UTC +04:00)

Baku, Azerbaijan, Nov. 30
By Rahim Zamanov - Trend:

The ongoing surge of the main index of Tehran Stock Exchange (TEPIX) continued on Saturday, reaching to 83,118 units.

Iran's capital market value also surpassed 4.08 trillion rials (about $136 billion based on the rate USD at the free market.)

Tehran Stock Exchange's efficiency ratio has increased by 118 per cent since the beginning of the current Iranian calendar year, which started on March 21, the Fars News Agency reported.

TSE's main index (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.