“The number of new codes shows a 40% increase compared with the last fiscal year’s similar period,” Hassan Qalibaf-Asl added. The official attributed the rise in the number of investors to equities’ growing attraction, which is evident in the market’s improving liquidity. Four-month TSE trade value grew 28% year-on-year to more than 254 trillion rials ($5.77 billion), TSE reported. Over 11 million trading codes have been issued at TSE since its inception, accounting for 14% of Iran’s population. Tehran Stock Exchange is Iran’s largest stock exchange, established in 1967. The Central Securities Depository of Iran issued 174,719 trading codes in the last fiscal year (ended March 20, 2018), showing a growth of 40% year-on-year, Financial Tribune reported.