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Tehran Stock Exchange

Tehran Stock Exchange
NameTehran Stock Exchange
Nativenameبورس اوراق بهادار تهران
TypeStock Exchange
OwnerPublic Joint Stock Company, demutualized (not-listed and for-profit)
Key PeopleDr. Ali SalehAbadi, President of the Securities and Exchange Organization (SEO); Hassan Ghalibaf Asl, CEO
CurrencyIranian rial
CommodityShares & rights, corporate participation certificates, futures
Listings337 companies (July 2010)
Mcap$125 billion (April 2011)
Volume82,479 million (2009)
IndexesTEPIX and TEDPIX (main)

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The Tehran Stock Exchange (TSE) ( ) is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. As of July 2010, 337 companies with a market capitalization of US$72 billion were listed on TSE. TSE, which is a full member of the World Federation of Exchanges and a founding member of the Federation of Euro-Asian Stock Exchanges, has been one of the world's best performing stock exchanges in the years 2002 through 2010. TSE is an emerging or "frontier" market.

The most important advantage that Iran's capital market has in comparison with other regional markets is that there are 40 industries directly involved in it. Industries such as the automotive, telecommunications, agriculture, petrochemical, mining, steel iron, copper, banking and insurance, financial mediation and others trade shares at the stock market, which makes it unique in the Middle East.

The second advantage is that most of the state-owned firms are being privatized under the general policies of article 44 in the Iranian constitution. Under the circumstances, people are allowed to buy the shares of newly-privatized firms. Iran is among the few major economies that has maintained positive economic growth despite the 2008 global financial crisis.

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