Stock exchange market

Stock exchange market means an organized and official capital market in which purchase and sale of stocks or governmental bonds or reliable private institutes are carried out under special regulations and legalized arrangements.For more information click here.
 
History
TSE opened in February 1967. During its first year of activity, only six companies were listed in TSE. Then Government bonds and certain State-baked certificate were traded in the market.
The Tehran Stock Exchange has come a long way. Today TSE has evolved into an exciting and growing marketplace where individual and institutional investor trade securities of over 420 companies.
TSE activities process could be divided into three periods:

  A)  Since the beginning of TSE activity until  revolution (1967-1978)
In the period of 1967 to 1978 the number of listed companies and their capital raised from 6 with IRRs 6.2 b to 105 (22 private banks, 2 insurance companies, and 81 industrial corporations) with IRRs 240 b.
In 1967 the value of shares and bonds traded in the TSE, was IR 15 m, which increased to IRRs 34.2 b in 1978.
Actually, most of this development activity was due to the ratification of ownership development of manufacturing units' stocks and tax exemption for the listed companies' laws.
  B)  Since revolution until the end of imposed war:(1979-1988)
In the second period of TSE activities, two important events i.e. the Islamic revolution and Iraq's invasion were reduced exchange activities severely and exiting number of listed companies from TSE. In 1978 the value of shares traded was reduced to IRRs 4.1 b and this trend continued to 1982 and reached IRRs 9 m. From 1982 the trend of shares value increased and finally at the end of the period reached IRRs 9.9 b.
  c)  Since the end of imposed war until now (1989-2006)
In fact, TSE was taken into account as one of the most important executive mechanisms for national economy optimization in order to facilitate the equipment and active contribution of the private sector in the productive activities through transferring some of the state duties to the private sector, gathering and errant savings, all to be directed toward investment.            
In 1989, economic authorities' attention to restarting of TSE activities increased the number of listed companies from 56 in 1988 to 422 in 2006. Furthermore, in 1988 the annual value of shares traded in the TSE, was IRRs 9.9 b, which increased to IRRs 44.8 b in 2006. During this period, especially between 2001 -2004, return of TSE investments grown up considerably and in 2003 reached to 131.4% which on that year was the highest return between WFE's members.
 
 
The Law for the Establishment of the Stock Exchange was approved by The parliament.     1966
The Tehran Stock Exchange commenced operation on Feb. 4.    1967
Trade of Treasury and Land Reform bills started.    1969
Stocks of 23 companies and three bonds were traded at TSE.    1972
The law for Usury-Free Banking was enacted. Trading in bonds was abandoned.    1983
Eight-year war between Iran and Iraq came to an end.    1988
Sharp increase in trade from the beginning of autumn.    1989
TSE admitted as a full member of the International Federation of Stock Exchanges.    1992
TSE joins the Federation of Euro-Asian Stock Exchanges as one of its founding members.    1995
Capital market physical development occurs; principal steps in dissemination of information, education and development of financial products.    2002
Listed companies are allowed to issue corporate bonds    2003
The TSE new law is ratified by parliament. Increase the number of Regional floors to 21.    2005
TSE Demutualization is accomplished    2006
Launching Privatization Plan of State-Owned Companies    2007
Establishment of SMEs Market (Iran Farabourse) in the Capital Market     2008
 
 
Mission
Launching a fair, efficient and transparent market equipped with diversified instruments and easy
access to create added value for the stakeholders
 
Vision
The region's leading Exchange and country's economic growth drive
 
Goals
1. Increasing the share of capital market in financing the economic productive activities
2. Applying effective rules and procedures to protect the market's integrity and shareholders' rights
3. Expanding market with the use of updated and efficient technology and processes
4. Developing financial knowledge and improving investment and shareholding culture in Iran
5. Facilitating market access by means of information technology
6. Observing accountability and transparency in cooperation with the stakeholders
7. Constant expansion of the company's intellectual properties and human resources
 
Trading Hours
 
All transactions must be carried out on the Trading Floor using the Exchange's Automated Trading System (ATS). Trading is conducted from 9:00 am to 12:00 pm for cash market and from 9:00 am to 12:30 pm for futures market, Saturdays through Wednesdays, with the exception of public holidays, including a pre-opening period of 30 minutes starting from 8:30 am
Trading floor is open to investors during operating hours and provides facilities like large screens displaying real time trading data. Additional space is available which oversees the trading floor that contains touch-screen terminals which can be used by investors to view the details of outstanding buy and sell orders.
 
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