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Tehran Stock Exchange Market Cap at Three-Year High

Tehran Stock Exchange Market Cap at Three-Year High Tehran Stock Exchange Market Cap at Three-Year High

Total market capitalization of Tehran Stock Exchange reached 11,200 trillion rials ($95 billion) by the end of seventh fiscal month to October 22, the highest since the beginning of fiscal 2016-17.  
The figure indicates a whopping 87% growth compared to the beginning of the current fiscal year in March 2019, according to a report published on Securities and Exchange News Agency website. 
The growth, however, is way lower than the 149% reported for the first seven months of fiscal 2013-14.  
Market cap is the market value of a publicly traded company's outstanding shares. It is calculated by multiplying the number of shares outstanding by the current market price of one share.
 

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