Tehran Stock Exchange stockholders protest amid falling share prices

Business Materials 11 May 2015 17:17 (UTC +04:00)

Baku, Azerbaijan, May 11

By Fatih Karimov - Trend: A group of stockholders of the Tehran Stock Exchange held a gathering in front of the TSE building to protest at the falling share prices.

They opined that the declining trend of prices has led to a drop in their liquidity, Iran's Tasnim news agency reported on May 11.

TSE main index (TEPIX) has decreased in 19 days over the past 32 working days.

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.