TSE’s recent performance unique worldwide: Swiss envoy

October 15, 2019

TEHRAN- “Tehran Stock Exchange (TSE) has had a unique performance among the stock markets of the world during the recent months and it inspired me to visit this exchange market”, Swiss Ambassador to Tehran Markus Leitner told IRIB on Tuesday.

“Stock market is the heart of every country’s economy and the recent noticeable performance of TSE encouraged me to come and speak with its directors in person”, the envoy noted.

In terms of cooperation between TSE and SIX Swiss Exchange (Switzerland's principal stock exchange), the ambassador said, “Cooperation between these two exchanges is not an easy work, we are at the first steps of exploring the possible ways for cooperation.”

While lagging the parallel markets of foreign currency, gold coin, and real estate behind, Iran’s stock market hit a new record during the first half of the current Iranian calendar year (March 21-September 22), as TEDPIX, the main index of TSE, closed at an all-time high of 302,103 points.

It is while the index had stood at 178,000 points at the end of the previous calendar year.

Experiencing a growth of 74 percent during the first six months of the present year, TSE witnessed its best performance since the Iranian calendar year of 1382 (March 2003-March 2004).

Also as reported, Iran’s over-the-counter (OTC) market, known as Iran Fara Bourse (IFB), has experienced a noticeable positive performance during the first half, as its main index, IFX, gained 78 percent during the mentioned period of time.

It seems that these markets will preserve their positive performances also during the second half of the year, as TEDPIX gained 9,367 points (the highest rise so far) in the first day of the second half and the value of trades at TSE and IFB reached 32 trillion rials (about $761.9 million).

MA/MA

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