Tehran's stock exchange booms a phenomenal 57%
The Tehran Stock Exchange main index (TEPIX) has gained around 57 percent since the beginning of the current Iranian calendar year (March 21, 2013). The TEPIX surpassed 60,000 on Saturday, the Mehr News Agency reported.
In January, the chairman of Iran’s Securities and Exchange Organization, Ali Salehabadi, said that the total value of Iran’s capital market, including the Tehran Stock Exchange and the over-the-counter markets, is half of the gross domestic product (GDP).
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.
- Getting their priorities straight: Emirati households spending more on phones, cars than education
- Why Qatar stocks hit six year high this week
- Are Arab Bankers right to blame the region's deteriorating economies on the Arab Spring?
- Spotlight on Saudi Arabia’s "resilient" banking sector
- Lebanese startup's move to global platform paving way for entrepreneurship growth