Iran Fara Bourse Tops World Market Cap Return

EghtesadOnline: Iran Fara Bourse, the junior stock market in Iran, topped the list of 77 stock markets in the world as reviewed by World Federation of Exchanges, with its market capitalization registering 80% return in 2018.

News ID: ۷۴۷۳۷۶

20 May 2019

Tehran Stock Exchange, Iran’s largest stock market, is second on the list, with 68% market cap in 2018 followed by the Jamaica Stock Exchange and Qatar Stock Exchange each respectively registering 31% and 25% return for the previous fiscal.

According to WFE, the total value of traded shares via TSE reached $27.8 billion in the previous fiscal year to register a whopping 111% growth compared to figures reported for 2017.

Likewise, the value of traded shares in IFB amounted to $8.8 in 2018, up 62% compared to the corresponding period a year ago, according to Financial Tribune.

The main index of TSE, TEDPIX, climbed 69% compared with the last trading day in 2017 to close trading year in December at 161,405 points.

The price earnings ratio for TSE stocks stood at 7.76 points compared with 7.01 in 2017. The P/E ratio is the ratio of a company's share price to the company's earnings per share.

Total value of bonds trading in TSE reached $2.2 billion during the period under review, indicating close to 37% growth compared to 2017.

In addition, the value of traded bonds in IFB stood at $8.4 billion in 2018, up 42% compared to the previous fiscal.

The number of listed companies in TSE dropped from 326 in 2017 to 323 in the previous fiscal.  Also, there were 114 listed companies operating on the IFB in 2018.

During the period, there were 15 bond issuers in the TSE with 9 issuers in private sectors and 6 in the public sector. This is while in 2017, 17 entities issued bonds via the TSE.

A total of 29 bond issuers, including 24 from the private sector and 5 from the public sector, were active in IFB in the previous fiscal.