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FinancialNews


  • 08-01-22

    Iran’s benchmark stock ends plummets 34,000 points

    (MENAFN) TEDPIX, Iran’s benchmark stock index of Tehran Stock Exchange (TSE), dropped 34,000 points (2.4 percent) to reach 1.363 million during the previous Iranian calendar week (ended on Friday).

    Throughout last week, the largely followed indices were of Mobarakeh Steel Corporation, Bandar Abbas Oil Refining Corporation, Iran Khodro Corporation, National Copper Corporation, as well as Barekat Pharmaceutical Group.

    According to Market Analyst Peyman Hadadi statement, the national budget bill for the upcoming Iranian calendar year shows that the government has a more affirmative outlook of the market for next year.

    Based on Hadadi, the allowance of a distinct budget for the Capital Market Development and Stabilization Fund demonstrates that the government is implementing the essential procedures to give better assistance for the market and to guarantee its development in the future.

    MENAFN08012022000045013568ID1103506563

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