Tabriz Stock Exchange

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Tabriz Stock Exchange
تالار بورس اوراق بهادار تبریز
Tabriz talar (3).jpg
Type Stock Exchange
LocationTabriz, Iran
Founded2003 [1]
OwnerPublic Joint Stock Company,
Key peopleMohammad Amin Abedini
Currency Iranian rial
CommoditiesShares & rights, corporate participation certificates, futures
No. of listings339 companies (May 2012) [2]
IndicesTEPIX and TEDPIX (main)

Tabriz Stock Exchange (TSE) is the second regional stock exchange forum in Iran which first opened in October 2003 in Tabriz city in East Azerbaijan. Tabriz is one of the most important metropolises in Iran and also is the hub of commerce and industry and agriculture. Tabriz stock exchange operates under the Tehran Stock Exchange's supervision[ citation needed ] and all registered companies in Tehran Stock Exchange are dual listed in Tabriz Stock Exchange. [3]

Tabriz City in Iran

Tabriz is the most populated city in northwestern Iran, one of the historical capitals of Iran and the present capital of East Azerbaijan province. It is the sixth most populous city in Iran. Located in the Quru River valley, in Iran's historic Azerbaijan region, between long ridges of volcanic cones in the Sahand and Eynali mountains, Tabriz's elevation ranges between 1,350 and 1,600 metres above sea level. The valley opens up into a plain that gently slopes down to the eastern shores of Lake Urmia, 60 kilometres to the west. With cold winters and temperate summers, Tabriz is considered a summer resort. It was named World Carpet Weaving City by the World Crafts Council in October 2015 and Exemplary Tourist City of 2018 by the Organisation of Islamic Cooperation.

Tehran Stock Exchange Iranian stock exchange

The Tehran Stock Exchange (TSE) is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. As of May 2012, 339 companies with a combined market capitalization of US$104.21 billion were listed on TSE. TSE, which is a founding member of the Federation of Euro-Asian Stock Exchanges, has been one of the world's best performing stock exchanges in the years 2002 through 2013. TSE is an emerging or "frontier" market.

Contents

History

Tabriz stock exchange is the second stock exchange forum in Iran. It opened its doors in 2003 and at was first managed by Belal Kheyravar. Tabriz Stock Exchange started its operations with 13 stock brokerages. As of 2014, TSE has 43 brokerages and Mohammad Amin Abedini is its CEO. [3]

Tabriz Stock Exchange traders Tabriz talar (1).jpg
Tabriz Stock Exchange traders

Tabriz stock exchange performance

Tabriz Stock Exchange acts under the direct supervision of Tehran Stock Exchange and all of listed companies in Tehran Stock Exchange are dual listed in Tabriz Stock Exchange.

TSE offers securities such as common stock, preference shares, bonds, sukuk, common units of investment funds, securities housing facilities, and derivatives.[ citation needed ]

Tabriz Stock Exchange's trading system is the same as the Tehran Stock Exchange. At first it was the AS400 trading system, then PAM trading system, and as of 2015, the EBS trading system. [1]

Tabriz Stock Exchange trading hall Tabriz talar (2).jpg
Tabriz Stock Exchange trading hall

See also

Economy of Iran economy of the country

The economy of Iran is a mixed and transition economy with a large public sector. It is the world's eighteenth largest by purchasing power parity (PPP). Some 60% of the economy is centrally planned. It is dominated by oil and gas production, although over 40 industries are directly involved in the Tehran Stock Exchange, one of the best performing exchanges in the world over the past decade. With 10% of the world's proven oil reserves and 15% of its gas reserves, Iran is considered an "energy superpower."

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References

  1. 1 2 Tabriz Stock Exchange catalog
  2. "Tehran Stock Exchange Monthly Report". TSE. Retrieved 2012-06-12.
  3. 1 2 Tehran Stock Exchange website