Tehran Stock Exchange’s main index falls by 958 units

Iran Materials 5 February 2014 16:35 (UTC +04:00)

Baku, Azerbaijan, Feb. 5

By Rahim Zamanov - Trend

The main index of Tehran Stock Exchange (TEPIX) dropped 958 units on February 5, standing at 82,212 units, Iran's Mehr News Agency reported.

The first market index also stood at 61,535 units which was 748 units less than the previous day.

With a 1648 unit drop, the second market index fell to 155,626 units on Wednesday.

TEPIX started the current Iranian calendar year which began on March 21, 2013 with a surprising rise. However, it has been experiencing a falling trend in the past three weeks.

TEPIX had surpassed 87,500 units just three weeks ago, but fell to around 80,000 a week later.

The IRNA News Agency reported on December 15, 2013, 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 (which started on March 21).

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 the 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 on the markets.

Edited by S.M.