Iran’s TSE registers new record
Baku, Azerbaijan, Jan. 5
By Rahim Zamanov - Trend:
The ongoing surge of the main index of Tehran Stock Exchange (TEPIX) continued on Sunday, the Mehr News Agency reported on January 5.
TEPIX surpassed 89,000 units, which is a new high record.
It was the 51st record of the main index in the current calendar year, which started on March 21.
Iran's capital market value also surpassed 4,350 trillion rials (about $145 billion based on the rate USD at the free market) on Sunday.
The IRNA News Agency reported on December 15 that Tehran Stock Exchange's efficiency ratio has increased by 128 per cent since the beginning of the current Iranian calendar year, which started on March 21.
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.