Tehran Stock Exchange main index falls

Business Materials 17 May 2015 16:49 (UTC +04:00)

Baku, Azerbaijan, May 11

By Fatih Karimov - Trend:

The Tehran Stock Exchange main index (TEPIX) fell by 66 points on May 17 compared to the previous working day and stood at 63,465, according to the tse.ir website.

The main market index stood at 45,934 points, while the secondary market index fell by 437 points and stood at 130,057 points.

Over 432 million shares, worth about $34 million, were traded.

The over-the-counter (OTC) capital market main index fell by 11 points and stood at 726.

The USD official exchange rate is about 28,000 rials in Iran.

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.