FEAS Yearbook FEAS Yearbook 2008 | Page 57

FEDERATION OF EURO-ASIAN STOCK EXCHANGES
SEMI ANNUAL REPORT OCTOBER 2008
TEHRAN STOCK EXCHANGE
OFFICIAL 6 MONTH STATISTICS
US$ millions
Total Volume
Average Daily Volume
# Shares millions
Total Volume
Average Daily Volume
Stocks
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 561.4867
472.1032
511.1696
2,112.02
681.5305
1,686.86
6,025.16 26.7375
24.8475
30.0688
100.5723
32.4538
88.7819
50.58 1,427.74
1,095.30
1,340.97
4,625.64
1,891.65
4,671.88
15,053.17 67.9876
57.6471
78.8803
220.2684
90.0784
245.8887
126.79
Bonds
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 0.8804
1.8786
0.6219
0.686
0.549
0.0654
4.68 0.0419
0
0
0
0
0
0.01 0.0081
0.0173
0.0056
0.0063
0.0051
0.0006
0.04 0.0004
0
0
0
0
0
0.000
Other
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 0
0
0
0
0
0
n/a 0
0
0
0
0
0
n/a 0
0
0
0
0
0
n/a 0
0
0
0
0
0
n/a
Market Capitalization (US$ millions)
Index
Jan-08
50,250.89
36,918.76
Feb-08
49,514.82
35,715.20
Mar-08
51,815.72
36,337.01
Apr-08
50,235.42
36,262.78
May-08
54,767.48
39,023.46
Jun-08
63,143.54
43,371.91
PRACTICES & PROCEDURES
Trading
Days
Hours
Market segmentation
System
Mechanisms
Market-maker/Specialists
Instruments
Currency
Real time information
Clearing & Settlement
Central Depository
Period
Registered
Settlement
Clearing
DVP
Clearing Institution
Risk Sharing
Margin/Lending
Custodians
Saturday-Wednesday
9:00-12:30
Main Board, Secondary Board
Automated Trading System (ATS) (order driven)
Continuous auction
Yes
Shares & Rights, Corporate Particpation Bonds
Local
bid/ask, last price, total volume, company
announcements
Central Securities Depository of Iran (CSDI)
T+3
Yes
Book entry
Netting
No
Yes, wholly owned
No
No
No
Taxes
Cash Dividends
Interest Income
Capital Gains
Structure & Regulations
Legal
Regulation
Securities market
regulations
Trading rules
Surveillance
Corporate actions
Trading halts regulations
Investor protection
Foreign Participation
Foreign investors
Investment limitations
Repatriation
22.5% at source
No
No
Demutualized, for-profit
Self-regulatory, should be approved
by Securities & Exchange
Organization (SEO)
Yes
Yes
Yes
Yes
Yes
Yes
Restricted for FPI and no restriction
for FDI
Maximum share (10%)
3 years
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