Tehran Stock Exchange Top Performer Among WFE Members
EghtesadOnline: Tehran Stock Exchange posted aound 73.9% growth year on year in dollar value since the beginning of the year up until the end of September, outperforming other members of the World Federation of Exchanges.
A report by WFE suggests TSE was valued at $173 billion by Sept. 30 and its main index registered over 127% growth during the period.
Statistics show that the value of share trading at TSE amounted to $15.83 billion year-to-date, indicating 72.7% and 118.8% rise in dollar value and rial value respectively compared to last year’s corresponding period.
TSE also witnessed 65.3% growth in number of electronic order book trades during September compared to the previous month, at more than 15.79 million, according to Financial Tribune.
TSE’s share turnover velocity stood at 34.8% in September.
The report also shows that the total value of bond trading at TSE totaled $1.8 billion during the nine months, indicating 0.2% and 24.7% rise in dollar value and rial value respectively compared to corresponding period last year.
Moreover, the Americas had a 15.3% increase in domestic market capitalization YOY, while the Asia-Pacific region and Europe, Africa, Middle East region witnessed declines of 2.7% and 2.4% respectively.
According to market reports, TSE trade stood at 30.86 billion rials ($212,869) during the trade week to November 6 to register 17% rise compared to the weak before, IBENA reported.
Trading at TSE starts on Saturday and ends Wednesday. Nov. 7 was a public holiday in Iran.
TSE's main index grew by 1,733 points (1%) week on week to reach 1855,100.
First market index witnessed increase by 1,244 points to settle at 137,610 while the second market index rose by 3,612 points to 362,702 during the period.
In addition, 9.05 billion securities were traded in more than 582,000 deals, while trading for exchange-traded funds stood at 49 million units worth 543 billion rials ($3.74 million).