TSE’s main index returns to rising trend

Iran Materials 24 December 2013 18:56 (UTC +04:00)

Baku, Azerbaijan, Dec. 24

By Rahim Zamanov - Trend:

The main index of Tehran Stock Exchange (TEPIX) rose by 1.2 percent on Tuesday after a few days of decline, the ISNA News Agency reported on Dec. 24.

TEPIX increased by over 1,000 units on Tuesday, surpassing 88,000 units.

The IRNA News Agency reported on Dec. 15 that the 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 markets.

Edited by C.N.