Tehran Stock Exchange main index on the rise
Baku, Azerbaijan, Mar. 5
By Rahim Zamanov - Trend:
The main index of the Tehran Stock Exchange (TEPIX) was increased by 376 units on Mar. 5.
TEPIX stood at 78,448 units on Wednesday.
The first market index also reached 58,074 units, some 74 units less than yesterday.
The second market's index with a 2530-unit fall stood at 151,938 units.
The main index of Tehran Stock Exchange (TEPIX) started the current Iranian calendar year (started on March 21, 2013) with a surprising rise. However, it has been experiencing a disappointing falling trend in the past six weeks.
TEPIX surpassed 89,500 a little more than five weeks ago.
The IRNA News Agency reported on December 15, 2013 that the 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 (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 ranked as the best bourse index in Europe, Africa and the 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 an association of 52 regulated exchanges around the world which aims to develop and promote standards in markets.