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FinancialNews


  • 05-12-21

    Iran’s benchmark stock index falls 5,337 points as of week’s opening

    (MENAFN) TEDPIX, Iran’s benchmark stock index of the Tehran Stock Exchange (TSE), dropped 5,337 points to hit 1.334 million as of the first day of Iranian calendar week which is Saturday.

    More than 4.311 billion securities that value 90.917 trillion rials (about USD736 million) were exchanged at the stock market. Moreover, the first index of the market fell 5,105 points, and the second index of the market plummeted 6,984 points.

    During the previous 15 months, incessant fluctuations in the Iranian stock exchange have led stockholders, specialists, and researchers to believe that the government should not get in the way of stock exchange, stating that the government's pre-ordered and impractical pricing of some government-owned stocks is the major cause for the capital market’s present downslide.

    In this matter, the head of Iran’s Securities and Exchange Organization (SEO), has stated that the government is implementing new technique to prevent pre-ordered pricing in the stock exchange for the long term.

    MENAFN05122021000045013568ID1103305635

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