03 January 2012
Tehran Stock Exchange posted gains of over 29 percent in 2011, making it one of the best bourses of the world in terms of growth rate, according to data released by Bloomberg.
The Tehran Stock Exchange (TEDPIX) registered a growth of 29.6 percent, reaching 24,403 points, up from 18,849 points.
This was despite the dismal performance of most bourses worldwide. Another point worth noting is that 2011 is the year when the ambitious Subsidy Reform Plan was implemented despite huge challenges.
Hence, the performance of Tehran Stock Exchange is admirable in view of all the political and economic turmoil, and the negative forecasts about the effects of the plan on the domestic economy and Tehran's bourse.
According to the Bloomberg report, last year, the Dow Jones Industrial Average (INDU INDEX) moved up 5.53 percent, the best performance in the continent of America. The dropping rate was 1.8 percent for Nasdaq, and 3.8 percent, 11.7 percent and 18.1 percent for Mexico, Canada and Brazil, respectively.
In the Asia-Pacific region, Japan's Nikkei rose 0.72 percent but Hong Kong and Australia faced respectively a 1 and 2 percent decline. All in all, the stock exchange performance in the region was negative and the developing countries of the region were no exception.
China's Shenzhen and Shanghai Composite (SHCOMP INDEX) wiped out 32.9 percent and 21.7 percent respectively.
The Karachi index dropped 5.6 percent but the Philippine SE Index(PCOMP INDEX) and the Jakarta Composite Index(JCI INDEX) ended up 4.1 percent and 1.5 percent, respectively.
Big exchanges in Europe ended the year with a positive trend. Stock markets in France and the Netherlands as well as Stocks Europe and Britain gained over 1 percent while those in Switzerland, Germany, Spain, and Italy rose less than 1 percent.
Altogether in 2011, European stock markets dropped: Italy 25.2 percent, Stocks Europe over 17 percent, France's CAC INDEX over 16 percent, Germany's DAX and Sweden's OMX over 14 percent, Spain over 13 percent and the Netherlands over 11 percent.
The report said London's FTSE with a 5.55-percent drop and Swiss Stock Exchange with a 7.77-percent drop had the best performance among European stock exchanges.
Indices of major emerging economies in Europe, Africa and the Middle East also declined. Turkey's Istanbul index fell 22.3 percent while Russia's RTS and MICEX faced declines of 22.1 percent and 17 percent, respectively and South Africa's index fell 0.4 percent.
Tehran Stock Exchange posted gains of over 29 percent in 2011, making it one of the best bourses of the world in terms of growth rate, according to data released by Bloomberg.
The Tehran Stock Exchange (TEDPIX) registered a growth of 29.6 percent, reaching 24,403 points, up from 18,849 points.
This was despite the dismal performance of most bourses worldwide. Another point worth noting is that 2011 is the year when the ambitious Subsidy Reform Plan was implemented despite huge challenges.
Hence, the performance of Tehran Stock Exchange is admirable in view of all the political and economic turmoil, and the negative forecasts about the effects of the plan on the domestic economy and Tehran's bourse.
According to the Bloomberg report, last year, the Dow Jones Industrial Average (INDU INDEX) moved up 5.53 percent, the best performance in the continent of America. The dropping rate was 1.8 percent for Nasdaq, and 3.8 percent, 11.7 percent and 18.1 percent for Mexico, Canada and Brazil, respectively.
In the Asia-Pacific region, Japan's Nikkei rose 0.72 percent but Hong Kong and Australia faced respectively a 1 and 2 percent decline. All in all, the stock exchange performance in the region was negative and the developing countries of the region were no exception.
China's Shenzhen and Shanghai Composite (SHCOMP INDEX) wiped out 32.9 percent and 21.7 percent respectively.
The Karachi index dropped 5.6 percent but the Philippine SE Index(PCOMP INDEX) and the Jakarta Composite Index(JCI INDEX) ended up 4.1 percent and 1.5 percent, respectively.
Big exchanges in Europe ended the year with a positive trend. Stock markets in France and the Netherlands as well as Stocks Europe and Britain gained over 1 percent while those in Switzerland, Germany, Spain, and Italy rose less than 1 percent.
Altogether in 2011, European stock markets dropped: Italy 25.2 percent, Stocks Europe over 17 percent, France's CAC INDEX over 16 percent, Germany's DAX and Sweden's OMX over 14 percent, Spain over 13 percent and the Netherlands over 11 percent.
The report said London's FTSE with a 5.55-percent drop and Swiss Stock Exchange with a 7.77-percent drop had the best performance among European stock exchanges.
Indices of major emerging economies in Europe, Africa and the Middle East also declined. Turkey's Istanbul index fell 22.3 percent while Russia's RTS and MICEX faced declines of 22.1 percent and 17 percent, respectively and South Africa's index fell 0.4 percent.
© Iran Daily 2012
