Return on investment grows in Iran’s capital market
Tehran, Iran, April 16
By Kamyar Eghbalnejad – Trend:
Iran’s equity exchange and the over-the-counter market saw a return on investment of 25 percent over the last fiscal year (ended on March 20), the market regulator said.
“The rate of return on investment in the Tehran Stock Exchange (TSE) and Fara Bourse over the last year hit 25 percent with the value of trades reaching 247 trillion tomans ($58.8 billion) in the fiscal 2017/18 from 195 trillion tomans ($46.4 billion) in 2016/17,” Head of Securities and Exchange Organization (SEO) Shapour Mohammadi said at the opening ceremony of an exhibition on insurance and capital market in Tehran.
Expressing hope that the capital market would see further growth over the current fiscal year, he added that the market software and also its regulations were reformed over the past year.
The main index of the Tehran Stock Exchange (TSE) surged by 26.5 percent over the first 11 months of the last Iranian calendar year (started March 20) compared to the same period of last year.
According to the latest statistics released by the Central Bank of Iran, the main index reached 98149 points in the 11-month period ending Feb. 19.
In the meantime, compared to the preceding month the main index dropped 0.7 percent.
TSE financial index declined 4.7 percent to rest at 133238 in the mentioned period.
TSE industrial index hiked 31.5 percent to stand at 87289, top 50 performers index increased by 33.7 percent, posting 4092, the first market index rose by 1.7 percent reaching 278733, and second market index gave up three percent resting at 182504.
The number of the traded shares slumped 7.5 percent as 203.405 billion shares changed hands in the mentioned period.