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FinancialNews


  • 30-03-22

    Iran’s major stock index drops by 4,420 points on Tuesday’s session

    (MENAFN) TEDPIX, Iran’s benchmark stock index of Tehran Stock Exchange (TSE), dropped 4,420 points to end Tuesday’s session at 1.414 million.

    As stated, more than 12.97 billion securities valued at 48.687 trillion rials (around USD187.2 million) were exchanged at the stock exchange. The first index of the market soared 8,689 points, and the second index of the market tanked 7,946 points.

    The governor of the Central Bank of Iran (CBI) has declared that the bank aims to cooperate with the nation’s Securities and Exchange Organization (SEO) to inaugurate money market mutual funds during the current Iranian calendar year (started on March 21).

    Ali Saleh-Abadi declared on March 15, “one of the plans of the central bank and the securities and exchange organization for this year is to launch money market funds that [currently] exist in the world but not in Iran, so we hope to create them in the present year.”

    MENAFN30032022000045013568ID1103936097

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