Tehran Stock Exchange main index rises 128 points
Baku, Azerbaijan, Jan. 28
By Fatih Karimov - Trend:
Tehran Stock Exchange main index (TEPIX) rose 128 points on Jan. 28 and stood at 65,256 points.
Some 900 billion rials (about $25.7 million) of shares were sold on the Tehran Stock Exchange, Iran's Mehr news agency reported on Jan. 28.
The industrial index fell 11 points and reached 54,782 points, Iran's Mehr news agency reported on Jan. 21.
The second market's index increased 203 points and stood at 128,600 points.
Ali Salehabadi, chairman of the Iranian Securities and Exchange Organization, said in November 2014 that the country's capital market has snapped out of recession.
"Currently some 40-50 billion rials (some $1.25-1.5 million) worth of transactions is 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.