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FinancialNews


  • 25-05-22

    TEDPIX closes Tuesday with 1500 points decrease

    (MENAFN) On Tuesday, TEDPIX, the benchmark index of Tehran Stock Exchange (TSE) fell 1,521 points to 1.555 million.

    As mentioned in reports, more than 7.982 billion securities valued at 47.695 trillion rials (nearly USD183.442 million) were exchanged at the TSE.

    The first market’s index dropped 17,612 points, and the second market’s index decreased 10,686 points.

    According to Market Analyst Peyman Hadadi, the national budget bill for the present Iranian calendar year shows that the administration has an additional optimistic view of the market for 2022.

    As stated by Hadadi, the distribution of a distinct budget for the Capital Market Development and Stabilization Fund presents that the administration is taking the essential procedures to supply tougher support for the market and to guarantee its growing in the future.

    Hadadi stated that “The allocation of a budget line for the Capital Market Development and Stabilization Fund is considered one of the most important points of the [Iranian calendar year] 1401 budget bill.”

    MENAFN25052022000045014228ID1104271210

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