TSE World’s 4th fastest-Growing Stock Exchange

Financial Tribune - Tehran Stock Exchange (TSE) was the world’s fourth fastest-growing stock exchange, according to a study carried out by TSE analysts who monitored the benchmarks of 17 global exchanges from March 18 to June 14.

TSE’s main index rose from 77,230 to 79,465.7 to record a 2.9% growth during the period under review.

This puts Iran just ahead of FTSE Bursa Malaysia KLCI that posted a 2.6% growth to stand at fifth place. Also known as FBM KLCI, the index is composed of Bursa Malaysia’s 30 largest companies by market capitalization.

The study shows TEDPIX gained in 74% of the trading days during the period, staging the best performance in this respect.

The world’s fastest-growing exchange index was Borsa Istanbul’s BIST 100, which jumped 8.5% during the period. Next was Germany’s DAX and Hong Kong’s Hang Seng Index, both occupying the second place with 5.4% growth. Mumbai’s BSE 30 and Paris’s CAC 40 together took the third place with a 4.7% growth.

Following TEDPIX and KLCI, the sixth place went to New York’s S&P 500 with 2.3% growth, followed by Tokyo’s Nikkei 225 and Dow Jones Industrial Average with 2.2% rise. Tokyo’s Topix with 1.9% and Amsterdam’s AEX with 0.9% rise came next.

Some of the indices had negative growth during the period. Shanghai’s SSEC had the highest downturn with 3.5% decline, followed by Dubai Financial Market’s General Index and Saudi Arabia’s TASI dropping 1.8% and 1.5% respectively.