|TEHRAN, Jan 28 (MNA) – At Tehran Stock Exchange, by Wednesday afternoon, the market value of the bourse increased $960 million and reached $95 billion.|
This amount shows a great rise in comparison to the year before.
The Mehr News Agency reported investors carried out some 20,000 transactions with 185 million shares worth $58 million.
Also, TSE index went up 222 units compared to Tuesday and reached 20,684.
The Tehran Stock Exchange (TSE) is Iran’s largest stock exchange, TSE, which is a full member of the World Federation of Exchanges and a founding member of the Federation of Euro-Asian Stock Exchanges, has been one of the world’s best performing stock exchanges in recent years.
The most important advantage that Iran’s capital market has in comparison with other regional markets is that there are 40 industries directly involved in it. Industries such as the automotive, telecommunications, agriculture, petrochemical, mining, steel iron, copper, banking and insurance, financial mediation and others trade shares at the stock market, which makes it unique in the Middle East.
The second advantage is that most of the state-owned firms are being privatized under the general policies of article 44 in the Iranian constitution. Under the circumstances, people are allowed to buy the shares of newly-privatized firms. Iran is among the few major economies that has maintained positive economic growth despite the 2008 global financial crisis.