Baku, Azerbaijan, Dec. 15
By Rahim Zamanov - Trend:
The main index of Tehran Stock Exchange (TEPIX) surged by 677 units on Sunday, returning to 86,000 units, the Fars News Agency reported on December 15.
TEPEX had experience an 800-unit fall on Saturday.
The main index has been struggling to maintain at the 86,000 units level in the past week.
Iran's capital market value also surpassed 4,230 trillion rials (about $141 billion based on the rate USD at the free market) on Sunday.
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 (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.