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FinancialNews


  • 05-07-22

    TEDPIX closes Monday’s session 4,169 points higher

    (MENAFN) TEDPIX, the benchmark index of the Tehran Stock Exchange (TSE), earned 4,169 points to 1.507 million on Monday.

    As IRNA mentioned in a report, more than 9.47 billion securities valued at 66.678 trillion rials (nearly USD240.25 million) were exchanged at the TSE.

    The first market’s index increased 2,865 points, and the second market’s index jumped 8,985 points.

    Iranian share market has been struggling for months to get back on track, however numerous domestic and external aspects have been impacting this market from getting to its true potential.

    Highlighting that these aspects have impacted the mindset of the stockholders and led everyone to stay away from the market, Halalat stated that “Considering internal factors, the country’s major automakers play an important role in the stock market and have a great psychological impact; And since their privatization process has not been realized yet, the validity of the entire project has become questionable.”

    He also noted that the possible positive effect that reaching a deal in nuclear talks could have on the market, stating that “We hope that the negotiations will come to a conclusion. Because in that case, it can have long-term and short-term effects on the stock market and reduce the return gap that has been created between the stock market and other parallel markets.”

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