Tehran Stock Exchange accepted for WFE membership

The World Federation of Exchanges (WFE)  has written to he chairman of of the Tehran Stock Exchange  (TSE)  approving the Iranian exchange’s membership of the 63-strong  international trade association of publicly regulated stock, futures, and options exchanges, TSE chairman Hassan Qalibaf Asl  confirmed this month. The move will ease  Iranian capital’s  entry  into the global network of the stock exchanges and investors  access to their data and information, he said.
TSE  membership is expected to be ratified once the Iran’s Securities and Exchange Organization to join the  International Organization of Securities Commissions (IOSCO)  – approved  in April – has been processed. 
There are currently more than 700 companies  listed on the TSE with a combined market capitalization of over $170bn, making it one of the top five exchanges in the Middle East.  Its index has risen 20% since sanctions were officially lifted in January,  a decision which enabled Iran’s s banks to reconnect to the Swift system for international financial transactions, facilitating the  transfer of  money in and out of the country.  

Source: isna