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Tehran Stock Exchange Lists New Record

Service : Economy
TEHRAN, April 9 (ICANA) – Tehran Stock Exchange's (TSE) main index, TEPIX, has registered a new record over a boost from the stocks of metal and shipping industries.
Saturday, April 09, 2011 1:22:02 PM
Tehran Stock Exchange Lists New Record

The TSE's ongoing surge continued on Saturday as the TEPIX soared to a fresh record, standing at 26,183 in the early morning hours, IRNA reported.

The gain by TSE's main index was mostly due to Iranian copper, steel and shipping companies.

It was only last week when TEPIX jumped more than 450 units to pass the 25,000 mark. The total market value has also surpassed an all-time high of more than USD 100 billion.

The easing up of regulatory measures to promote investment are also said to have played a role in the growth of the TEPIX, which has the shares of 341 companies from 28 industries on its list.

Major Iranian industries are directly involved in the TSE, making it unique in the Middle East.

Founded in 1967, the Tehran Stock Exchange has been one of the world's best performing stock markets in recent years and has ranked as the best bourse index in Europe, Africa and Middle East in 2010 in terms of performance of the main index.

The TSE's annual growth rate of main indices was also ranked as the second best among all members of the World Federation of Exchanges (WFE).

The WFE is the association of 52 regulated exchanges around the world which aims to develop and promote standards in markets.

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