TSE’s main index rising gradually

Business Materials 1 February 2014 15:37

Baku, Azerbaijan, Feb. 1
By Rahim Zamanov - Trend:

The main index of Tehran Stock Exchange (TEPIX) continued to rise on February 1.

With a 1,367-unit rise, TEPIX stood at 84,164 units on Feb.1.

TEPIX started the current Iranian calendar year (which stated on March 21, 2013) with a surprising rise, however, it has been experiencing a falling trend in the past three weeks.

TEPIX exceeded 87,500 units just three weeks ago, but fell to around 80,000 units a week later.

Tehran Stock Exchange's efficiency ratio has increased by 128 per ent since the beginning of the current Iranian calendar year, which started on March 21, the IRNA News Agency reported on December 15, 2013.

TSE's main index (TEPIX) 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.