(MENAFN) TEDPIX, Iran’s benchmark stock index of the Tehran Stock Exchange (TSE), dropped 6,845 points to 1.357 million as of Tuesday.
As stated, more than 4.215 billion securities at value 29.628 trillion rials (about USD705.4 million) were exchanged at the TSE. The first index of the market plummeted 2,932 points and the second index of the market decreased 20,357 points.
Throughout the last 15 months, incessant fluctuations in Iran’s stock exchange have made stockholders, specialists, and researchers to believe that the government should not have any interference in the stock market, stating that the government's pre-ordered and impractical pricing of a few government-owned stocks is the major cause for the capital market’s present downslide.
In this matter, the head of Iran’s Securities and Exchange Organization (SEO), has stated that the government is implementing new policies to dodge pre-ordered pricing in the stock exchange for a long lasting period.
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