Shares worth about $116 mln sold at Tehran Stock Exchange

Iran Materials 22 December 2013 16:35 (UTC +04:00)

Baku, Azerbaijan, Dec.22

By Fatih Karimov - Trend:

Some 2.13 billion shares, worth around 7,110 billion rials (about $116 million) were sold today in the Tehran Stock Exchange, IRIB reported on Dec. 22.

The main index of the Tehran Stock Exchange (TSE) hit 87,015 points today, up 58 points compared to the day before.

The TSE's main index stood at 38,041 points on the first working day of the current Iranian calendar year (March 21).

The market value has exceeded 4,260 trillion rials (about $171 billion based on the U.S. official exchange rate of 24,770 rials), according to the report.

Founded in 1967, the Tehran Stock Exchange has been one of the world's best performing stock markets recently 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 also ranked second 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 at the markets.