Tehran Stock Exchange main index drops 182 points
Baku, Azerbaijan, Feb. 17
By Fatih Karimov - Trend:
Tehran Stock Exchange main index (TEPIX) fell 182 points on Feb. 17 and stood at 64,811 points.
Some 692 million shares, worth 1390 billion rials (about $51 million based on official exchange rate) were sold on the Tehran Stock Exchange, Iran's IRNA news agency reported on Feb. 17.
The industrial index dropped 159 points. The capital market's value stood at 2900 trillion rials (about $107 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 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.