29 Mar 2024
Thursday 8 August 2013 - 12:12
Story Code : 43741

TSE index hits new record

TEHRAN, Aug. 8 (MNA) The main index of Tehran Stock Exchange (TSE), TEPIX, continues its upward trend, setting a new record in terms of trade volume despite fresh US-engineered sanctions against Iran.
According to the latest report on TSE trading on Wednesday, the TSE closed at 52,735 at the end of the transaction day.

The rise in TEPIX has been attributed to industrial heavy weights such as Gol-Gohar Mining and Industrial Company, Esfahan Oil Refining Company, Chadormalu Mining and Industrial Company, Bank Mellat, Telecommunication Company of Iran, Mines and Metals Development Investment Co. and Tabriz Oil Refining Company.

Major Iranian industries are directly involved in the TSE, making it unique in the Middle East.

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.

TSE's annual growth rate of main indices was also ranked as second best 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.

By Mehr News Agency

 

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