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Tehran Stock Exchange Tops Global Markets in Trading Value Growth

Feb 10, 2019, 11:19 AM
News ID: 28061
Tehran Stock Exchange Tops Global Markets in Trading Value Growth

EghtesadOnline: Data released by the World Federation of Exchanges place Tehran Stock Exchange at the top of the best-performing stock markets in terms of trading value among WFE members. The data covers performance of global stock markets in 2018.

According to WEF, the total value of TSE trade in 2018 reached $26.5 billion -- a whopping 112% growth over the corresponding period in 2017, making the TSE the top-performer on the list.

TSE was followed by Kazakhstan’s and Bahrain’s stock markets whose share trading values registered 87.4% and 71% growth respectively in 2018.   

Also, Iran Fara Bourse, a smaller Iranian stock market for trading securities in Tehran, ranked fifth on the list and grew 61.8% compared to a year earlier, according to Financial Tribune.

The aggregate value of the deals in the stock markets of  WEF members surpassed $97 trillion. The New York Stock Exchange, NYSE, holds the lion's shares, accounting for $19.3 trillion of the deals followed by the Nasdaq Stock Market and BATS Global Markets which hold $16.7 trillion and $16.03 trillion of the total value of the traded shares, respectively. 

In terms of market capitalization (or market value) indicators, TSE witnessed 35% growth over the previous year and ranked fifth on the list. According to the WFE report, by the end of last December the total value of TSE reached $143 billion. 

The value of WFE member markets aggregated $74.5 trillion, dominated mainly by NYSE, Nasdaq, and Japan Exchange Group (JPX). NYSE accounted for $20.6 trillion of the market followed by Nasdaq ($9.7 trillion) and JPX ($5.2 trillion). 

The TSE’s main index, TEDPIX, registered 69% growth in 2018 and was listed among the five best-performing markets of the WFE. 

Additionally, the total value of trade in Iranian investment funds reached $124 million by late last December.