Opened in 1967 and so far the largest stock exchange in Iran. The TSE is located in Tehran and is a founding member of the Federation of Euro-Asian Stock Exchanges, which has been one of the world’s best performing stock exchanges in the years 2002 through 2013. TSE is considered as a “frontier” market. In comparison to other regional markets, the most significant advantage of Iran’s capital market is presence of 40 industries listed in the exchange.
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 distinctive in the Middle East. The second advantage is that most of the state-owned firms are being transferred to the pubic under the general policies of article 44 in the Iranian constitution. The TSE is open for trading five days a week from Saturday to Wednesday, excluding public holidays. Trades are being executed through the Automated Trade Execution System from (8:30 am Pre-market) 9 am to 12:30 noon, which is integrated with a clearing, settlement, depository and registry system. Settlement is T+3.The TSE is solely an order-driven market and all transactions are performed under the ethical conducts of open auction.