Tehran Stock Exchange (TSE) faced a 35 percent growth from USD 45 to 61 Billion since March 2009, the beginning of Iranian New Year, TSE public relations and international department reported on Sunday, 30 August.
The CEO of TSE, Dr. Hassan Ghalibaf Asl in Iran and world financial market current developments forum said, "the par value of USD 24 Billion with the rising of USD 4 billion is now to USD 28 billion."
"Total index increase from of 7966 to 11600 shows a growth of 45 percent, and the 3.84 P/E rose to 5.8 units", he added.
The Exchange CEO said, "Number of trading in comparison to the last year's 900,000 enhanced 30 percent to 1.3 million in the similar period."
"At the present time, mostly institutional investors act as vendor and the individuals operate as buyer, notwithstanding the block trading he noted." So the former offers 30 - 35 percent and the latter 65 - 70 percent of buy orders. In the period, the majority of buying is from individual investors."
"On one hand, the share price diminished in last year's second half near to rock bottom price and on the other hand, by the policy package of central bank and increasing of money market P/E, as well as lack of attraction in other markets, we had liquidity injection to our market, which raised trading volume and indices," TSE's CEO noted.
He hoped that, the liquidity will rise more if the issuers comply with the obligations of listing, as the key factor for the liquidity increase is the growth of the free floated shares. Moreover, changes of short term investment vision to long term, one share investment to portfolio investment and also market making practices will improve market.