Tehran Stock Exchange main index falls by 654 units

Iran Materials 7 September 2013 14:38 (UTC +04:00)

Azerbaijan, Baku, Sep.7 / Trend R.Zamanov/

The main index of Tehran Stock Exchange (TSE) faced a 654-unit drop on Saturday, stopping at 57,491 units, the IRNA News Agency reported.

Iran's capital market value also stood at 2,829 trillion rials (about $90.1 billion based on the USD rate at the free market) on Saturday.

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.