Iran’s major stock index plummets 865 points as of Monday | MENAFN.COM

Thursday, 27 January 2022 04:42 GMT

Iran’s major stock index plummets 865 points as of Monday


(MENAFN) According to IRNA, on Monday TEDPIX, the major stock index of Tehran Stock Exchange (TSE), dropped 865 points to reach 1.342 million.

Based on what is reported, more than 4.849 billion securities that value 28.774 trillion rials (about USD685.095 million) were exchanged at the TSE during the stated day. Moreover, the first index of the market plummeted 2,092 points, whereas the second index of the market jumped 2,849 points.

Head of Iran’s Securities and Exchange Organization (SEO) has lately stated the government is implementing new policies to present pre-ordered pricing in the stock exchange for the long term.

On November 14, Majid Eshqi declared, “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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