Tehran Stock Exchange main index drops 103 points

Business Materials 7 March 2015 14:35 (UTC +04:00)

Baku, Azerbaijan, Mar. 7

By Fatih Karimov - Trend:

Tehran Stock Exchange main index (TEPIX) dropped 103 points on March 7 and stood at 63,911 points.

Some 498 million shares, worth 1300 billion rials (about $46 million based on the official exchange rate) were sold on the Tehran Stock Exchange, Iran's Fars news agency reported on March 7.

The capital market value hit 2860 trillion rials (about $106 billion).

Meanwhile, the over-the-counter market's index dropped one point and stood at 719 points. The OTC market value hit 580 trillion rials (about $21 million).

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.