Tehran Stock Exchange was the world’s fastest-growing stock market, the results of a survey conducted by TSE analysts who monitored the benchmarks of 17 global exchanges from March 21 to Aug. 8 showed.
TSE’s main index, TEDPIX, rose from 96,298.9 to 131,521.6 to register a 36.6% growth during the period under review.
The all-share index was also the world's best performer in both the 30 and seven days leading to Aug. 8, as it gained 18.6% and 6.1% respectively.
The TSE survey also indicates that TEDPIX gained in 63 of its 89 trading days under review. This puts the benchmark index above all other global exchanges in terms of gaining trade days.
The main factor contributing to Iranian stocks' strong momentum has been the devaluation of the domestic currency.
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