Tehran Stock Exchange main index continues to fall

Business Materials 4 May 2015 16:30 (UTC +04:00)

Baku, Azerbaijan, May 4

By Fatih Karimov - Trend: The Tehran Stock Exchange main index (TEPIX) fell by 672 points on May 4 compared to the day before and stood at 64,415, Iran's Fars news agency reported May 4.

The capital market value hit $103 billion.

Over 462 million shares, worth about $33 million, were traded.

The main market and the second market indices fell by 605 points and 625 points respectively, standing at 46,807 and 130,840 respectively.

Te over-the-counter (OTC) market's index also fell by 11 points and stood at 727.

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.

Edited by CN