Jan 16 2012 |
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1.2 % rise in TSE index
Tehran's Stock Exchange (TSE) transactions on the first workday of the week showed a 1.2 percent rise in the index.During Sunday transactions, the general index soared 315 units reaching 25755, IRNA reported.
The Industry Index also rose 211 units and the index of 50 companies saw an 18-unit growth.
Traders in TSE traded 607,957,326 shares worth 1,469,476,220,000 rials.
Best in Performance
Tehran Stock Exchange posted gains of over 29 percent in 2011, making it the best in the world in terms of growth rate.
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 noteworthy point 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 one and two 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.
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