Tehran Stock Exchange main index drops sharply in 5 days
Baku, Azerbaijan, Nov.30
By Fatih Karimov - Trend:
Tehran Stock Exchange main index has dropped sharply over the past 5 days, reaching 72,000 points.
The TSE main index fell 3750 points over the past 5 days. The index fell 1055 points today, Iran's Fars news agency reported on Nov. 30.
The value of transactions hit 1,580 billion rials (about $45 billion).
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 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 in markets.