The Tehran Stock Exchange was founded in 1968, where initially only Government bonds and certain State-backed certificates were traded in the market. As the market continued to expand, it reached at the end of 1999 a total of 295 companies with a market capitalization of Rls 38,251 billion.
At the beginning of 2000, TSE had 48 registered brokers and 151 employees. Trading in TSE is based on orders sent by the brokers.
Trading hours are 09:30-12:00 am Saturday to Wednesday, with the exception of public holidays.
Presently, TSE trades mainly in securities offered by listed companies. TSE is a full member of FIBV, a founding member of Federation of Euro-Asian Stock Exchanges (FEAS).
© 1969 Mena Report (www.menareport.com)