Baku, Azerbaijan, Dec. 11
By Rahim Zamanov - Trend:
The main index at the Tehran Stock Exchange (TEPIX) surged on Wednesday, returning to 86,000 units, the IRNA News Agency reported on December 11.
TEPEX had fallen back to 85,962 units on Tuesday.
Iran's capital market value also surpassed 4,210 trillion rials, about $140.3 billion based on the rate USD on 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 last week.
TSE's main index (TEPIX) had hit 39,000 units in the second working day of the current Iranian calendar year (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.