TSE’s main index hits all-time high

Iran Materials 16 December 2013 10:38 (UTC +04:00)

Baku, Azerbaijan, Dec. 15

By Rahim Zamanov - Trend:

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, the IRNA News Agency reported on Dec. 15.

The Tehran Stock Exchange (TEPIX) surged by 1,333 units on Sunday to stand at 87,024 units.

TEPEX had experience an 800-unit fall on Saturday.

The main index has been struggling to maintain at the 86,000 units level in the past week.

Iran's capital market value also surpassed 4,260 trillion rials (about $141.1 billion based on the rate USD at the free market) on Sunday.

TSE's main index (TEPIX) had hit 39,000 units in the second working day of the current Iranian calendar year.

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.

Edited by C.N.