TSE Market Cap Up 88.6% in 5 Years

Tehran Stock Exchange’s total market capitalization grew 88.6% during the five years to March 2017 to reach 3.32 quadrillion rials ($88.96 billion).  The market’s total trade volume and number of transactions also jumped 221% and 300% during the period to 275 billion shares and 15 million sales respectively during the same period, Securities and Exchange News Agency reported.

TSE’s main index, TEDPIX, rose 101.1% from 38,408 to 77,230 and the exchange’s average P/E ratio grew from 5.35 to 6.84 by 2017 over the five years.