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TSE’s main index registers 50th record in 9 months

Iran Materials 16 December 2013 13:27 (UTC +04:00)

Baku, Azerbaijan, Dec. 16

By Rahim Zamanov - Trend:

The ongoing surge of the Tehran Stock Exchange (TEPIX) continued on Monday, the Mehr News Agency reported on Dec. 16.

With a 1,145-unit rise, TEPIX stood at 88,169 units, which is a new record high.

It was the 50th over-one-thousand-unit rise of the main index in the current calendar year, which started onMarch 21.

Iran's capital market value also surpassed 4,310 trillion rials (about $143.6 billion based on the rate USD at the free market) on Monday.

The IRNA News Agency reported on Dec.15 that 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.

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 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 the markets.

Edited by C.N.

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