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  • 09-12-21

    Iran’s major stock index skyrockets 11,340 points as of Wednesday

    (MENAFN) On Wednesday, TEDPIX, Iran’s benchmark stock index of the Tehran Stock Exchange (TSE), soared 11,349 points to hit 1.349 million.

    According to IRNA, more than 4.8 billion securities that value 33.462 trillion rials (about USD796.7 million) were exchanged at the stock exchange. Moreover, the first index of the market jumped 11,856 points, and the second index of the market jumped 11,722 points.

    Based on Head of Iran’s Securities and Exchange Organization (SEO) Majid Eshqi statement earlier in November, easing of the activities of stock exchange institutions such as brokers are going to lead to the expansion of the capital market.

    Eshqi declared, “facilitating the establishment of brokerage firms and the ease of licensing issuance for financial institutions, as well as the strict supervision of the SEO over the activities of such financial institutions, are the basis for the development of the capital market.”

    MENAFN09122021000045013568ID1103329996

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