Main stock index of Iran drops 16,000 points
(MENAFN) TEDPIX, Iran’s benchmark stock index at Tehran Stock Exchange (TSE), dropped 16,000 points (1.1 percent) to reach 1.394 million in the previous Iranian calendar week (ended on Friday).
Throughout last week, the largely followed indices were of Isfahan Refining Corporation, Mobarakeh Steel Corporation, Social Security Investment Firm, and Barekat Pharmaceutical Group.
According to head of Iran’s Securities and Exchange Organization (SEO), the government is implementing new policies to prevent pre-ordered pricing in the stock exchange in the long term.
On November 14, Majid Eshqi stated “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.”
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