35 percent growth at TSE

Wednesday, 2 September 2009

Tehran Stock Exchange (TSE) faced a 35 percent growth from USD 45 to 61 Billion since March 2009, TSE public relation and international department reported on Sunday, 30 August. The CEO of TSE, Dr. Hassan Ghalibaf Asl in Iran and world financial market current developments forum said, "the par value of USD 24 Billion with the rising of USD 4 billion is now to USD." "Total index increase from of 7966 to 11600 shows a growth of 45 percent, and the 3.84 P/E rose to 5.8 unit", he added. The Exchange CEO said, " the number of trading in comparison to the last year’s 900,000 enhanced 30 percent to 1, 3 million in the similar period." "At the present time, mostly the institutional investors act as vendor and the individuals operate as buyer, notwithstanding the block trading he noted." So the former offers 30 – 35 percent and the latter 65 – 70 percent of buy orders. In the period, the majority of buying is from individual investors." "On one hand, the share price diminished in last