Tehran Stock Exchange market capitalization hits $105B
Baku, Azerbaijan, Oct.29
By Fatih Karimov - Trend: Tehran Stock Exchange market capitalization amounted to $105 billion at the end of the past Iranian calendar month of Mehr (October 22).
The figure showed a 5 percent fall compared to the same period in the previous year, Iran's Shana news agency reported on Oct. 29.
USD exchange rate in Iran is currently about 32,000 rials.
Chemical companies group topped the market capitalization list, with $24 billion in value, followed by financial institutions group and metals groups, with $11.5 billion and $11 billion in value, respectively.
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.