Tehran Stock Exchange main index continues to fall
Baku, Azerbaijan, Mar. 10
By Rahim Zamanov - Trend:
The main index of Tehran Stock Exchange (TEPIX) continued its disappoiting fall on Monday.
TEXPIX stood at 77,219 units on Mar. 10, some 295 units less than yesterday.
The first market's index also faced a 263-unit fall and stood at 57,101 units.
The second market's index with a 337-unit fall stood at 149,889 units.
The main index of Tehran Stock Exchange (TEPIX) started the current Iranian calendar year (which stated on March 21, 2013) with a surprising rise.TEPIX had surpassed 89,500 a little less than two months ago.
The IRNA News Agency reported on December 15, 2013 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 (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 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.