The Tehran Stock Exchange (TSE) has set a new record in trading volume, surpassing the 40,000 unit mark for the first time.

During the early trading of shares on Wednesday, the sixth trading day in the Iranian new year that began on March 20, the TSE registered its newest record when the trade volume soared to over 40,000 units.

The city’s stock market began the new year’s trading at 38,040 points.

The trading volume in the Tehran market had already passed the 39,000-point mark on the second day of trading in the new Iranian calendar.

According to reports, the record-setting trade volume was influenced by heavy trading of shares offered by MAPNA Industrial Group, Iran Telecommunications, National Development Investment Group, and the Bandar Abbas Oil Refinery.