Iran’s benchmark stock index, TEDPIX plummets 27,441 points as of Saturday
(MENAFN) On Saturday (the first day of Iranian calendar week) TEDPIX, Iran’s benchmark stock index of Tehran Stock Exchange (TSE), dropped 27,441 points to reach 1.366 million. As stated, more than 4.904 billion securities at value 38.839 trillion rials (about USD924.7 million) were exchanged at the TSE.
The first index of the market plummeted 21,135 points, and the second market’s index plunged 52,035 points. Moreover, TEDPIX fallen 16,000 points (1.1 percent) to reach 1.394 million in the previous Iranian calendar week (ended on Friday).
In the previous week, the largely followed indices were of Isfahan Refining corporation, Mobarakeh Steel Firm, Social Security Investment Corporation, and Barekat Pharmaceutical Group.
On 1st of November during a conference with the agents of over 30 main firms active in the capital market, to exchange thoughts for finding solutions to some cases and improving the economy, Finance and Economic Affairs Minister Ehsan Khandouzi stated that his ministry aims to make the economy more expectable and reduce pricing systems that are unsafe to the capital market and the stock exchange sector.
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