Emerging market - Tehran Stock market (TSE).

Iran stock exchange is considered as very exotic emerging market. Let's have a look for performance and structure.
New age of financial markets in Iran. After Islamic revolution, interests were cancelled and trading with bonds stopped. Assets of 36 banks and financial institutions were redistributed into government organizations. On 1989, Budget Act attracted back interest in investments. Kind of privatization. Iran is extremely risky investment. One year ago till now, since fundamentalist president Mahmoud Ahmadinejad has been elected, main Tehran stock index TEPIX dropped from 14000 to 9200.
Structure of economy is 48% services, 28% industry, 24% agriculture.
Up to now there is not even single certificate with Iranian company in portfolio.