|Iran’s capital market value hits $128b||
TEHRAN - Iran’s capital market value has surpassed 3,190 trillion rials (about $128 billion based on the Tehran Forex Center’s U.S. dollar exchange rate of 24,800 rials).
Trading volume reached 875 million shares worth 4.315 trillion rials (about $174 million), the Mehr News Agency reported.
Iran’s Securities and Exchange Organization Head Ali Salehabadi said on January 7 that the total value of Iran’s capital market, including the TSE and the Over-the-counter markets, is half of the gross domestic production (GDP).
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 also ranked second 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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