The Iranian bourse is in the midst of a fantastic rally on the back of high oil prices, new initial public offerings and lack of other investment opportunities for Iranians.
With a number of sectors represented on the index, Iranians are benefiting from investing in a deep, liquid environment, trading around 200 million shares per day in a market that is capitalised at $100-billion - roughly the size of UAE and Kuwaiti bourses and much bigger than the Egypt Stock Exchange.
The TSE 'miracle' has mirrored the rest of the economy, which has benefited from liberal policies that have focused on reducing the public sector and offloading nationalised companies on to the exchange, with healthy participation from average Iranians.
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