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TSE still ranking the most profitable WFE-listed exchange, Bloomberg says

(SHADA: TEHRAN) – For the third consecutive year, Tehran Stock Exchange staged the best performance among the members of World Federation of Exchanges as it saw its Main Index (TEPIX) posting a whopping 132.9-percent turnover last year, Bloomberg reported.

According to the figures released by Bloomberg, TEPIX stood at 37,622 points at the start of 2013, soaring to a high of 87,451 points by the end of December.

The UAE’s DFM GENERAL INDEX, M.AR MERVAL ARGENTINA IX and GSE Composite Index of Ghana ranked second to fourth on the list each posting 117, 116 and 80 percent gain in profits, respectively, over last year.

The ADX GENERAL INDEX, KARACHI INDEX, Tokyo’s NIKKEI, NIGERIA STCK EXC ALL SHR, SOFIX INDEX and Nairobi All Share registered 73, 61, 59, 52, 49.5 and 49 percent annual turnover each, ranking 5th to 10th among WFE member exchanges, the report noted.

NASDAQ, S&P500, and Dow Jones showed the best performance among North American exchanges as they grew by 40 percent, 32 percent, and 29 percent in 2013, respectively.

Meanwhile, the European stock markets continued their rebound from 2012's loss with growth rates ranging from 20-26 percent. Spanish IBEX, Swedish OMX STOCKHOLM, and German DAX were the top winners ranking 25th, 29th, 30th, 34th, 37th, 41st and 43th on the WFE’s best performing stock markets list.

As the best performing stock markets in the Asia-Pacific region, Vietnam’s benchmark (VNINDEX) grew by 27 percent, followed by those of Malaysia, Indonesia, the Philippines, and Korea.