TSE, Astana stock exchange agree to cooperate

Tehran Stock Exchange and Astana Stock Exchange on Monday signed agreement to develop cooperation. The agreement was signed on the sidelines of Federation of Euro-Asian Stock Exchanges (FEAS) General Assembly. Federation of Euro-Asian Stock Exchanges FEAS in cooperation with the Organization for Economic Cooperation and Development OECD held a meeting in Almaty, Kazakhstan. The agreement between TSE and Astana stock exchange will facilitate the information exchange, the exchange of experts and in the meantime will strengthen the bourse technologies and will prepare the ground for the presence of the two countries’ markets in the each other stock exchanges. TSE has also signed agreements with Malaysian, Indonesian, South Korean, Cyprus, Syria and Pakistan Lahore stock exchanges. TSE is Iran's largest stock exchange, which first opened in 1967. TSE, a full member of the World Federation of Exchanges and 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 2010. The most important advantage that Iran's capital market has in comparison with other regional markets is that there are 40 industries directly involved in it. Industries such as the automotive, telecommunications, agriculture, petrochemical, mining, steel iron, copper, banking and insurance, financial mediation and others trade shares at the stock market, which makes it unique in the Middle East.