Tehran Stock Exchange main index declines
Baku, Azerbaijan, Jan. 21
By Fatih Karimov - Trend: Tehran Stock Exchange main index (TEPIX) dropped 535 points on Jan. 21 and stood at 65,028 points.
Capital market value amounted to 2920 trillion rials (about $83.4 billion).
The industrial index fell 404 points and reached 54,850 points, Iran's Mehr news agency reported Jan. 21.
The second market's index decreased 1,006 points and stood at 128,223 points.
Ali Salehabadi, chairman of the Iranian Securities and Exchange Organization, said in November 2014 that the country's capital market had snapped out of recession.
"Currently some 40-50 billion rials (some $1.25-1.5 million) worth of transactions are being done each day which is a good sign," he explained.
Iranian Minister of Economic Affairs and Finance Ali Tayebnia has ordered insurance companies and major banks to support the country's capital market.
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.
The WFE is the association of 52 regulated exchanges around the world, which aims to develop and promote standards in markets.
Edited by CN