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  • 14-03-23

    TEDPIX closes Monday’s session on lower note at 1.781 million

    (MENAFN) TEDPIX, the benchmark index of Tehran Stock Exchange (TSE), saw a decrease of 1,571 points to reach 1.781 million on Monday.

    According to reports, more than 11.536 billion securities valued at 72.392 trillion rials (around USD176.5 million) were exchanged at the TSE.

    TEDPIX dropped 0.2 percent to end standing at 1.817 million points in the last Iranian calendar week (closed on Friday).

    The index saw a decrease of 155,778 points (9.22 percent) in the prior Iranian calendar month Bahman (closed on February 19).

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

    A share market specialist believes that TEDPIX is anticipated to carry on an upward trend in the last month of the ongoing Iranian calendar year (February 20-March 20).

    “Now the stock market is in a good position for investment, and paying attention to the issues affecting the stock market can help in the improvement and prosperity of this market,” Majid Mohammad-Alizadeh informed IRNA on February 15.

    He also added talking about the latest instabilities in the share market and the aspects impacting it, asserting: “The lack of trust and confidence as well as the uncertainty of the investors in the capital market caused them to be more cautious and reduced their sense of risk-taking to a great extent which disrupted the upward trend of the stock market.”

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