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  • 14-08-22

    TEDPIX closes Saturday’s session 18,600 points higher

    (MENAFN) TEDPIX, the benchmark index of the Tehran Stock Exchange (TSE), earned 18,635 points to 1.467 million on Saturday (the initial day of the Iranian calendar week).

    As mentioned in reports, more than 6.84 billion securities valued at 41.518 trillion rials (nearly USD148.2 million) were exchanged at the TSE.

    The first market’s index jumped 19,304 points and the second market’s index earned 20,618 points.

    Tehran share Exchange faced a surge of 9.5 percent in the worth of its exchanges in the last week.

    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.”

    MENAFN14082022000045014228ID1104693465

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