TEDPIX, Iran’s major index drops 2,521 points on Tuesday

(MENAFN) On Tuesday TEDPIX, Iran’s benchmark stock index at Tehran Stock Exchange, dropped 2,521 points to reach 1.404 million. As it was recorded, more than 4.282 billion securities that value 40.121 trillion rials (about USD955.2 million) were exchanged at the TSE.

The first index of the market dropped by 4,449 points, whereas the second market’s index increased 3,115 points. Moreover, TEDPIX jumped 58,000 points (4.1 percent) to hit 1.456 million in the previous Iranian calendar week (ended on Friday).

In last week, the largely followed indices were of Isfahan Refining Corporation, National Iranian Copper Industries Firm, Mobarakeh Steel Firm, Social Security Investment Corporation, Bandar Abbas Refining Corporation, Iran Khodro Group, and Saipa Firm.

According to head of Iran’s Securities and Exchange Organization (SEO), the government is implementing new policies to avoid pre-ordered pricing in the stock exchange in the long term.

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