Tehran Stock Exchange main index falls

Business Materials 3 May 2015 16:19 (UTC +04:00)

Baku, Azerbaijan, May 3

By Fatih Karimov - Trend:

The Tehran Stock Exchange main index (TEPIX) fell by 545 points on May 3 compared to the previous working day and stood at 65,088, Iran's Fars news agency reported on May 3.

The capital market value hit $104 billion.

Over 373 million shares, worth about $64 million, were traded.

The main market and the second market indices fell by 480 points and 581 points respectively, standing at 47,413 and 131,466 respectively.

TEPIX rose on April 29 after seven days of decline and stood at 65,634.

The fall in TEPIX came after it soared in the wake of the nuclear agreement between Iran and the P5+1 group in Lausanne.

Founded in 1967, the Tehran Stock Exchange (TSE) has been one of the world's best performing stock markets in recent years and ranked as the best bourse index in Europe, Africa, and the Middle East in 2010 in terms of performance of the main index.

The TSE's annual growth rate of main indices also ranked second among all members of the World Federation of Exchanges (WFE) in 2010.