Iranian president stresses support for capital market

Iran Materials 28 October 2013 12:36 (UTC +04:00)

Azerbaijan, Baku, Oct.28/ Trend R.Zamanov

Iranian President Hassan Rouhani has stressed the need to support the country's capital market.

The value of Iran's capital market has increased by 113 per cent compared to the first working day of the current Iranian calendar year which started on March 21.

The capital market also rose by 171 per cent in the past 12 months.

Iran's capital market value is currently around 3.63 trillion rials, about $117.1 billion based on the USD rate on the free market.

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 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.