Tehran, June 27, IRNA - Head of Iran's stock markets Ali Salehabadi said Monday that the Tehran Stock Exchange (TSE) showed 67 percent growth in 2010.Speaking in a meeting with economic advisors at foreign embassies in Tehran, the official said Iran's stock markets have shown increasing growth since 2008.
Comparing the TSE with its counterparts in New York, US; London, Britain and Istanbul, Turkey, Salehabadi said the TSE had an incredible progress in recent years despite the economic crisis in the West.
According to the official, tax exemption, diversity of the market's indexes and industries and the proper rate of P/E as well as using updated technologies on the web were among major factors leading to the massive growth of exchanges in Iran's stock markets.
© IRNA 2011
