EghtesadOnline: Data released by the World Federation of Exchanges ranks Tehran Stock Exchange and Iran Fara Bourse as world's second and third best-performing exchanges in terms of the annual growth in their main index in 2019.
According to a WFE report on members’ performance, TSE’s main index, TEDPIX, closed 377,012.60 at the end of December 2019, which was almost 133.58% higher than a year earlier. IFB's main index, IFX, ended December at 4,109.79 – up 119.37% compared to the year before, Financial Tribune reported.
Jamaica Stock Exchange main index registered 149.7% growth to stand atop the WFE ranking.
In terms of market capitalization, TSE witnessed 123.3% growth over the previous year and was fourth on the list. According to the WFE, by the end of last December the TSE was worth $320.6 billion.
IFB's total value reached $67.9 billion. With an annual 152.6% growth rate, Iran Fara Bourse was the world's third best-performing exchange in terms of market capitalization.
Market capitalization, commonly called market cap, is the market value of a publicly traded company's outstanding shares.
According to WFE, the total value of TSE’s share trading in 2019 reached $65.9 billion -- a whopping 323.2% growth over the corresponding period in 2018, making the TSE the second top-performer on the list.
TSE was followed by Iran Fara Bourse whose share trading value registered 385.3% growth in 2019.
According to the WFE report, the total number of listed companies in TSE increased by 2.48% in 2019, to reach 331. The number was 121 companies for IFB with 6.14% growth in 2019.
The London-based WFE is an international trade group that supports the interests of regulated securities exchanges around the world, and promotes widespread access to financial markets and the safety and soundness of the global financial system.