Tehran Stock Exchange tops WFE index performance list

February 1, 2009 - 0:0

TEHRAN – The World Federation of Exchanges (WFE) has placed the Tehran Stock Exchange (TSE) at the top of its index performance list with 0.7% growth over the December 2007-December 2008 period.

Iran’s TSE pushed the Santiago Stock Exchange of Chile and the Mexican Exchange to second and the third place according to the WFE 2008 market highlights report.
The Amman Stock Exchange, JSE, Colombia Stock Exchange, Bermuda Stock Exchanges, London Stock Exchange, Jasdaq, and the New Zealand Stock Exchange are also on the list of the top 10 performing broad market indexes in 2008.
The TSE’s domestic market capitalization hit $48.7 billion, seeing an 11% rise, preceding the Amman and Colombia stock exchanges in this respect, the report said.
The TSE ranks second after the Luxembourg Stock Exchange in terms of the value of share trading by members.
Trade volume at Tehran’s Stock Exchange in the first nine months of the current Iranian calendar year (began March 20, 2008) hit 12.4 billion dollars, the report said.
The WFE is the association of 52 regulated exchanges around the world