Tehran Stock Exchange main index rises unexpectedly
Baku, Azerbaijan, Mar. 14
By Fatih Karimov - Trend:
Tehran Stock Exchange main index (TEPIX) rose unexpectedly 539 points on March 14 and stood at 64,610 points.
Some 880 million shares, worth 1300 billion rials (about $99 million based on the official exchange rate) were sold on the Tehran Stock Exchange, Iran's Fars news agency reported on March 14.
The capital market value hit 2890 trillion rials (about $101 billion).
Meanwhile, the over-the-counter market's index dropped four points and stood at 723 points. The OTC market value hit 570 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.