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FinancialNews


  • 14-07-22

    TEDPIX closes Wednesday’s session 6,500 points up

    (MENAFN) TEDPIX, the benchmark index of Tehran Stock Exchange (TSE), increased 6,517 points to 1.49 million on Wednesday.

    As mentioned in reports, more than 4.991 billion securities valued at 30.378 trillion rials (nearly USD108.5 million) were exchanged at the TSE.

    The first market’s index increased 6,754 points, and the second market’s index earned 7,121 points.

    Iranian share market has been suffering for months to get regain its performance, however numerous internal and external aspects have been delaying this market from getting its true potential.

    In line with Market Expert Vahid Halalat, the doubt of the worldwide economy in the wake of the Ukraine conflict, the doubt around the outcomes of nuclear meetings, the uncertain state of the privatization of the nation’s main automakers, and mainly, the deficiency of enough attention paid by the government officials to the stock market are a part of the internal and external aspects that have led the capital market to drop behind other markets like housing.

    Highlighting that these issues have impacted the mindset of the stockholders and led to everyone to stay away from the market, Halalat stated on July 2 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.”

    MENAFN14072022000045014228ID1104529449

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