TSE opened in February 1967. During its first year of activity, only six companies were listed in TSE. Then Government bonds and certain State-baked certificate were traded in the market.

The Tehran Stock Exchange has come a long way. Today TSE has evolved into an exciting and growing marketplace where individual and institutional investor trade securities of over 325 listed companies, 38 Industries, 11 ETFs, 175 mutual funds, 105 brokerage firms, 9 investment banks, 12 portfolio managers, 14 investment advisories.

TSE activities process could be divided into three periods:


  A)  Since the beginning of TSE activity until revolution (1967-1978)

In the period of 1967 to 1978 the number of listed companies and their capital raised from 6 with IRRs 6.2 b to 105 (22 private banks, 2 insurance companies, and 81 industrial corporations) with IRRs 240 b.

In 1967 the value of shares and bonds traded in the TSE, was IR 15 m, which increased to IRRs 34.2 b in 1978.

Actually, most of this development activity was due to the ratification of ownership development of manufacturing units' stocks and tax exemption for the listed companies' laws.


  B)  Since revolution until the end of imposed war:(1979-1988)

In the second period of TSE activities, two important events i.e. the Islamic revolution and Iraq's invasion were reduced exchange activities severely and exiting number of listed companies from TSE. In 1978 the value of shares traded was reduced to IRRs 4.1 b and this trend continued to 1982 and reached IRRs 9 m. From 1982 the trend of shares value increased and finally at the end of the period reached IRRs 9.9 b.

  c)  Since the end of the imposed war until now (1989-now)

In fact, TSE was taken into account as one of the most important executive mechanisms for national economy optimization in order to facilitate the equipment and active contribution of the private sector in the productive activities through transferring some of the state duties to the private sector, gathering and errant savings, all to be directed toward investment.             

In 1989, economic authorities' attention to restarting of TSE activities increased the number of listed companies from 56 in 1988 to 422 in 2006. Furthermore, in 1988 the annual value of shares traded in the TSE, was IRRs 9.9 b, which increased to IRRs 44.8 b in 2006. During this period, especially between 2001 -2004, return of TSE investments grown up considerably and in 2003 reached to 131.4% which on that year was the highest return between WFE's members.

In 2005, the market was restructured and demutualized. Therefore, the authority body was separated from the executive body. TSE launched its first derivatives which was single stock futures in 2010. Meanwhile, it started the online trading system which played a key role in speeding up trading. In 2016, TSE upgraded the market infrastructures, extended the debt market and inaugurated option market. TSE was self-listed simultaneously. In the last year, the Exchange offered the first IPO through book building mechanism.  


Historical Highlights

The Law for the Establishment of the Stock Exchange was approved by The parliament.



The Tehran Stock Exchange commenced operation on Feb. 4.


Trade of Treasury and Land Reform bills started.


Stocks of 23 companies and three bonds were traded at TSE.


The law for Usury-Free Banking was enacted. Trading in bonds was abandoned.


Eight-year war between Iran and Iraq came to an end.


Sharp increase in trade from the beginning of autumn.


TSE admitted as a full member of the International Federation of Stock Exchanges.


TSE joins the Federation of Euro-Asian Stock Exchanges as one of its founding members.


Capital market physical development occurs; principal steps in dissemination of information, education and development of financial products.


 Listed companies are allowed to issue corporate bonds


The TSE new law is ratified by parliament. Increase the number of Regional floors to 21.


TSE Demutualization is accomplished


Launching Privatization Plan of State-Owned Companies


Establishment of SMEs Market (Iran Farabourse) in the Capital Market


Foreign Investment Deregulation – Launching Single – Stock Futures Market and On-line Trading Services – Being Elected As the Chairman of FEAS Until 2012


Launching A New Derivatives Product: Embedded Put Option


 Upgrading infrastructures - Debt market extension - Inauguration of the optiomarket - TSE self-listed  2016
 The first IPO through book building mechanism - Commencement of on-line accessto the option market - Upgrading trading system 2017 


Membership in International Organizations

  • ·         World Federation of Exchanges (WFE): Joined in 1992.

    ·         Federation of Euro- Asian Stock Exchanges (FEAS): Joined in 1995.

    ·         ICGN: Joined in 2008

    ·         OIC Member States’ Stock Exchanges Forum: Joined in 2008

    TSE has signed MoUs with 12 exchanges   

    1. Malaysia 2007

    2. Indonesia 2008

    3. South Korea 2009

    4. Cyprus 2009

    5. Damascus 2010

    6. Lahore 2011

    7. Kazakhstan 2011

    8. Karachi 2012

    9. Muscat 2014

    10. Istanbul 2015

    11. Munich 2016

    12. Athens 2016


    About the TSE Logo 

TSE’s logo is an inspiration of the Gun-metal relief discovered in Lorestan province, among the Achaemedian dynasty's (550-330 BC) antiquities, featuring four men, hands in hands, indicating unity and cooperation, standing inside circles of the globe, which is itself, according to Iranian ancient myths, put on the back of two cows, symbols of intelligence and prosperity.