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  • 18-12-21

    Iran’s major stock index falls 56,000 points in one week

    (MENAFN) TEDPIX, Iran’s benchmark stock index of Tehran Stock Exchange (TSE), dropped 56,000 points (4.3 percent) to reach 1.293 million during the previous Iranian calendar week (ended on Friday).

    In last week, the largely followed indices were of Mobarakeh Steel Corporation, Iran Khodro Corporation, Social Security Investment Corporation, National Copper Corporation, and Barekat Pharmaceutical Group.

    According to head of Iran’s Securities and Exchange Organization (SEO) statement, the government is using novel plans to prevent pre-ordered pricing in the financial market for the long run.

    Based on what Majid Eshqi stated on November 14, “the government's policy, in the long run, is to avoid pre-ordered pricing. This policy has been repeatedly stressed by the president and the government's economic team and has been placed on the government's agenda.”

    MENAFN18122021000045013568ID1103392097

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