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  • 10-04-22

    Iran’s benchmark stock index plummets 5,099 points on Saturday

    (MENAFN) On Saturday, TEDPIX, the benchmark stock index of Tehran Stock Exchange (TSE), dropped 5,099 points to reach 1.458 million.

    As stated, more than 9.334 billion securities valued at 50.471 trillion rials (around USD198 million) were exchanged at the stock market. The first index of the market plummeted 5,798 points, and the second index of the market tanked 3,891 points.

    TEDPIX surged 31,637 points (2.2 percent) to hit 1.463 million during the previous Iranian calendar week (ended on Friday).

    According to a market analyst statement to IRNA on April 3, the stock index is predicted to follow an average increasing trend during the present Iranian calendar year 1401 (began on March 21).

    Ali Teymouri stated, “the capital market index experienced a significant decline in [the Iranian calendar year] 1399 (ended on March 21, 2021) and the transactions at this market also undergone some correction in the previous year. Therefore, it seems that given the relative stability of macroeconomic variables, we will see a slight growth in the market index during the current year.”

    MENAFN10042022000045013568ID1103986489

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