Weekly transactions at Tehran Stock Exchange rise 87%

Business Materials 19 June 2015 13:15 (UTC +04:00)

Baku, Azerbaijan, June 19

By Fatih Karimov - Trend: the value of transactions at the Tehran Stock Exchange (TSE) rose by 87 percent in the week which ended on June 18, compared to its preceding week.

Some 2.356 billion shares, worth over 4,000 billion rials (about $120 million based on USD free market exchange rate), were sold on the TSE during the mentioned week, Iran's IRNA news agency reported June 19.

Since the beginning of the current Iranian fiscal year (March 21, 2015), 47.53 billion shares, worth $2.6 billion, have been sold on the TSE.

The TSE main index rose by 1.99 percent in the mentioned week, reaching 63,559 points.

Meanwhile, the first and the secondary market indices rose respectively by 2.19 percent and 1.55 percent, and reached 45,738 and 131,900, respectively.

Founded in 1967, the Tehran Stock Exchange (TSE) 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 also ranked second among all members of the World Federation of Exchanges (WFE) in 2010.

Edited by CN