The Tehran Exchange Market’s value has reached some 1,260 trillion rials (around $103 billion), the Securities and Exchange Organization’s director announced here on Sunday.

 

“Taking the over-the-counter market into account, the capital market value stands at 1,560 trillion rials (some $127 billion),” the IRNA news agency quoted Ali Saleh-Abadi as saying.

 

Tehran Stock Exchange's main index (TEPIX) rose 10.4 this year, compared with last – Iranian calendar - year, he added. 

 

While the stock markets of the Middle East and North Africa region saw a very poor year in 2011, Tehran Stock Exchange experienced an unprecedented growth of 30 percent, leading the financial markets of the region, a report by the Economist said.

 

The report entitled “Business Middle East: January 16th 2012” noted that Iran’s stock market flourished in 2011, while most of other stock markets of the region experienced negative growth.