New TSE Trading Codes Increase by 40 Percent

Tehran Stock Exchange saw 55,000 trading codes issued for new investors during the first four months of the current fiscal year (March 21-July 22), TSE’s managing director said. “The number of new codes shows a 40% increase compared with the last fiscal year’s similar period,” Hassan Qalibaf-Asl added. The official attributed the rise in the number of investors to equities’ growing attraction, which is evident in the market’s improving liquidity. Four-month TSE trade value grew 28% year-on-year to more than 254 trillion rials ($5.77 billion), TSE reported. Over 11 million trading codes have been issued at TSE since its inception, accounting for 14% of Iran’s population. Tehran Stock Exchange is Iran’s largest stock exchange, established in 1967.