FEAS Yearbook FEAS Yearbook 2015 | Page 27

ANNUAL REPORT 2015 FEDERATION OF EURO-ASIAN STOCK EXCHANGES TEHRAN STOCK EXCHANGE Several measures were taken in order to increase liquidity at Tehran Stock Exchange for initial public offerings, launching new instruments and removing some of the trading limitations. Hassan Ghalibaf Asl Chief Executive Officer Iran’s economy, in general and Tehran Stock Exchange, more specifically had fluctuating developments in 2014. year, 4 new companies were listed at the Exchange and 3 companies were transferred to TSE from the junior Exchange, Iran Fara Bourse. The required approvals have been issued to launch the stock option market, which should be equipped with new trading engine before establishment. Based on international forecasting institutes, Iran’s GDP is forecasted to grow about 1% in 2015; moreover, the country’s ranking in political stability, anticorruption activities and economic liberalization upgraded last year. Among different instruments, equities, single stock futures, embedded put options, mutual funds and ETFs units, as well as CDs and Sukuks are tradable at Tehran Stock Exchange, and investors have the option to buy/sell with their on-line trading access. Several measures were taken in order to increase liquidity at Tehran Stock Exchange for initial public offerings, launching new instruments and removing some of the trading limitations. During the last This is still hoped that the recent studies in the market will help encourage the regulators to curb more trading restrictions in 2015. The country’s expecting and promising international cooperation have considerably grown foreign investment disposition to Iran’s capital market. It is envisaged that once the deal is made, potential investors will be able to practically participate in our market. key HigHligHts Of tHe year Companies and market capitalization Number of listed companies Domestic companies Foreign companies Market capitalization (USD billion) Trading Value of share trading (USD million) Number of share trading (million) Index (TEDPIX) 31.12.2013 31.12.2014 314 314 - 173 315 315 - 117 35,029 174,040 87,452 23,972 166,767 68,973 “ The country’s promising international cooperation have considerably grown foreign investment disposition to Iran’s capital market. ” ABOUT TEHRAN STOCK EXCHANGE Established: 1968 Chairman: Mohamad Ebrahim Pourzarandi Address: 192, Hafiz Avenue, Tehran, 1138964161 Iran Contact name: Hamid Rouhbakhsh E: [email protected] Tel: +98 (21) 6673 0776 W: www.tse.ir/en FULL MEMBERS 25