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FinancialNews


  • 15-08-22

    TEDPIX drops 3,400 points on Sunday

    (MENAFN) TEDPIX, the benchmark index of Tehran Stock Exchange (TSE), dropped 3,447 points to 1.463 million on Sunday.

    As mentioned in reports, more than 8.615 billion securities valued at 46.117 trillion rials (around USD164.7 million) were exchanged at the TSE.

    The first market’s index fell 1,785 points, and the second market’s index decreased 9,142 points.

    Tehran share Exchange faced an expansion of 9.5 percent in the worth of its sales in the last Iranian calendar week (ended on Friday).

    TSE is one of the four Iranian share exchanges, the additional three ones are Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX), as well as Iran’s over-the-counter (OTC) market, also known as Iran Fara Bourse (IFB).

    Senior stock market expert, Ashkan Zoudfekr, believes the administration needs back the share market versus other similar rivals like money and property markets, the Securities and Exchange News Agency (SENA) mentioned in report issued on Sunday.

    Zoudfekr stated that “Considering the fact that the capital market provides liquidity and dynamism to the economy, and is a useful and active part of the country's economic development, strengthening it should become a priority for the government.”

    MENAFN15082022000045014228ID1104696565

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