MNA– World Federation of Exchanges (WFE) has placed Tehran Stock Exchange (TSE) among the seven high yielding stock exchanges of the world.In its 2016 overall statistics, WFE has also announced Iran’s TSE as the third most profitable stock exchange in the Europe, Africa and Middle East region.
By the end of 2016, the index value for Tehran Stock Exchange mounted to 79,487 indicating a 29% growth as compared to the figure for the end of 2015.
First opened in 1967, Iran’s largest stock exchange landed third in the Europe-Africa-Middle East region falling behind stack exchanges of Egypt and Morocco. Furthermore, the total dollar value of TSE stood at over 101 billion dollars at the end of December 2016 showing a 16% rise compared to the corresponding time the year before.
The overall index of Tehran Stock Exchange settled at 77,590 thousand units in its last trading day on February 27.
The World Federation of Exchanges officially first saw the light of day in London on October 12-13 1961.
The World Federation of Exchanges is the global industry association for exchanges and clearing houses. Headquartered in London, it represents over 200 market infrastructure providers, including standalone CCPs that are not part of exchange groups.
Since its foundation 55 years ago, the WFE has organized committees, meetings, general assemblies, conferences, and workshops for its members to transfer knowledge and share expertise. As an industry trade organization, the WFE has discussed virtually every aspect of the capital market: the technical, the commercial, the legal and the economic. In the past four decades we have published studies and reports on issues such as self-regulation, cross border trading, HFT, cyber security, sustainability and many others besides.