FinancialNews

Home

Investor Relations

Financial News

17-07-22

TEDPIX closes Saturday’s session 10,000 points down

(MENAFN) TEDPIX, the benchmark index of Tehran Stock Exchange (TSE), dropped 10,000 points to 1.48 million on Saturday (the first day of Iranian calendar week).

As mentioned in reports, more than 5.623 billion securities valued at 31.48 trillion rials (nearly USD112.42 million) were exchanged at the TSE.

The first market’s index fell 8,014 points and the second market’s index saw a decline of 18,044 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.”

MENAFN17072022000045014228ID1104542024

Follow us

Terms & Conditions | Privacy & Security | Contact Us | Sitemap