Iran’s benchmark stock index increases 21,497 points on Wedn...| MENAFN.COM

Wednesday, 18 May 2022 11:53 GMT

Iran’s benchmark stock index increases 21,497 points on Wednesday


(MENAFN) On Wednesday, TEDPIX, Iran’s benchmark stock index of Tehran Stock Exchange (TSE), jumped 21,497 points to reach 1.229 million. More than 5.545 billion securities valued at 34.793 trillion rials (about USD120 million) were exchanged at the stock exchange.

TEDPIX dropped 55,000 points (4.3 percent) to hit 1.279 million during the previous Iranian calendar week (ended on Friday).

Throughout last week, the largely followed indices were of Mobarakeh Steel Corporation, Bandar Abbas Oil Refining Corporation, Isfahan Oil Refinery, Tehran Oil Refining Corporation, Iran Khodro Corporation, Saipa Corporation, as well as National Iranian Copper Corporation.

The government has implemented various new alterations in the national budget bill for the upcoming Iranian calendar year (begins on March 21, 2022) which based on specialists and analysts is going to guarantee the stock market’s stability and expansion in the upcoming years.

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