Despite Sanctions Tehran Stock Exchange value hits $125Billion

JNN 11 May 2011 TEHRAN – Tehran Stock Exchange’s (TSE) value has surpassed an all-time high of more than $125 billion on Saturday as a new record for the past 44 years of its activity. 

The TSE’s main index, TEPIX, has registered a new record over a boost from the stocks of metal and shipping industries.

The TSE’s ongoing surge continued on Saturday as the TEPIX soared to a fresh record, standing at 26,222 in the early morning hours, IRNA reported.

The gain by TSE’s main index was mostly due to Iranian copper, steel and shipping companies.

It was only last week when TEPIX jumped more than 450 units to pass the 25,000 mark.

The easing up of regulatory measures to promote investment are also said to have played a role in the growth of the TEPIX, which has the shares of 341 companies from 28 industries on its list, Press TV reported.

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.

The TSE’s annual growth rate of main indices was also ranked as the 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

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