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| A trader speaks with a stock market official beneath the electronic board at the Tehran Stock Exchange, Sept. 15, 2010. (photo by REUTERS/Caren Firouz) |
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| TSE Price Index since the beginning of the current Iranian year |
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Wednesday 4 September 2013
What Is Behind Success Of Tehran Stock Exchange? - Al-Monitor: the Pulse of the Middle East
What Is Behind Success Of Tehran Stock Exchange? - Al-Monitor: the Pulse of the Middle East:
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The Tehran Stock Exchange (TSE) has been viewed as a phenomenon in the midst of the declining Iranian economy. The TSE Price Index (TEPIX) currently hovers at about 59,000 — up more than 500% since 2009, about 50% since the beginning of the current Iranian year (March 21) and about 28% since the election of Hassan Rouhani as president (June 14). As the following graph indicates, there are occasional adjustments downward — such as in the days running up to the presidential election on June 14 — however, the overall trend is upward. The question is how one can understand this uninterrupted rise and what factors are influencing this phenomenal growth.
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