Weekly transactions at Tehran Stock Exchange drop by 44%

Business Materials 23 May 2015 14:07 (UTC +04:00)

Baku, Azerbaijan, May 23

By Fatih Karimov - Trend: The value of transactions at the Tehran Stock Exchange (TSE) dropped by 44.4 percent in the final week of the second Iranian fiscal month, which ended on May 20, compared to the previous month.

Some 12 million shares, valued at around $9 million, were traded during the mentioned week, Iran's IRNA news agency reported on May 23.

The main index declined by 3314 points compared to the previous month and stood at 63703.

Meanwhile, the first and the secondary market indices fell respectively by 3003 points and 2951 points, and reached 460,075 and 130,741, respectively.

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.