Some $52 bln worth of shares traded at Iran’s capital market since March

Business Materials 2 December 2013 16:15 (UTC +04:00)

Baku, Azerbaijan, Dec.2

By Fatih Karimov - Trend: Some 1,290 trillion rials (about $52 billion based on the U.S. official exchange rate of 24,850 rials) worth of shares have been traded in Iran's capital market since the beginning of the current Iranian calendar year (March 21, 2013), IRNA quoted Iran's Securities and Exchange Organization chief Ali Salehabadi as saying on December 2.

The main index of the Tehran Stock Exchange has gained 122 per cent since the beginning of the current year, he added.

The index hit 84,385 points today. It had stood at 38,041 points on the first working day of the current Iranian calendar year.

The capital market value also surpassed 4,120 trillion rials (about $166 billion).

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 for the markets.