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.
- A misnomer: Gulf states embark on ambitious investment spree in the 'hopeless continent'
- Not much choice: Along with Syrian businessmen, Lebanon's private sector migrates to Dubai
- What's going on with MENA debt capital markets?
- Rachel Corrie vs. Arab Bank: hypocrisy and injustice in the US' legal system
- Iraqi Kurdistan seeks investor funds amidst independence 'grey area'
- Kuwaiti market recorded a phenomenal growth of 67.58% in 2005, out-performing the growth of 11.9% in the previous year
- What crisis? Dubai markets at new hit five year high!
- Global values Tamweel at AED9.21 and recommends a BUY on the stock
- Remembering Lehman Brothers: GCC financial markets five years down the line