Iran's capital market growth up 34%
Iran 's capital market has grown to date around 34 percent in 2011 compared to the year before, the head of Securities and Exchange Organization announced.
Ali Saleh Abadi noted that Iran's capital market has flourished in recent years. "The growth of Iran's capital market was 3 percent in 2009, which rose to 67 percent in 2010", Mehr news agency quoted Saleh Abadi as saying-MNA reports.
"In 2008, the global financial slump negatively affected all the world's financial markets, but Iran's stock exchange remained harmless from the crisis and showed a considerable growth", he further said.
Iran 's capital market trade value reached some 400 trillion rials (around $40 billion) in the last Iranian calendar year (ended March 20, 2010), the Mehr news agency quoted Saleh Abadi as saying in April. The value showed a 13 billion dollars growth in comparison to the year before.
Iran capital market showed a very hike growth in recent years. 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 Tehran Stock Exchange is Iran's largest stock exchange. It is a full member of the World Federation of Exchanges and a founding member of the Federation of Euro-Asian Stock Exchanges. TSE has been one of the world's best performing stock exchanges in recent years.
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.