Despite economic conditions: Iran bourse on the rise
Despite the growing international isolation, Tehran Stock Exchange (TSE) ended 2011 with a significant growth of its general index: 29.5 percent, compared to the end of 2010. The number of trades also increased, and with a 60 percent jump reached above 4.2 million transactions. Value of trading witnessed a 7.3 percent growth and extended above IRR 211,000 billion. However, trading volume had a 29 percent decline to above 68 billion traded shares.
Six new companies were listed in 2011 at TSE, including two banks, two petrochemical companies, a steel manufacturer, and one electronic company, which increased the number of TSE’s listed companies to 347 at the end of December 2011.
In TSE’s derivatives market, 13,237 single stock futures contracts with the value of IRR 510.1 billion were traded in 2011. This developing market was launched mid-2010, and currently some studies are being carried out for establishing stock option market at TSE. (Source: www.yallafinance.com)