TEDPIX closes Sunday losing 18,985 points| MENAFN.COM

Tuesday, 09 August 2022 05:25 GMT

TEDPIX closes Sunday losing 18,985 points


(MENAFN) TEDPIX, the benchmark index of the Tehran Stock Exchange (TSE), fell 18,985 points on Saturday, IRIB mentioned in reports.

According to what’s reported, the index finished at 1.501 million points.

Nearly 8.879 billion securities valued at 66.052 trillion rials (about USD242.5 million) were exchanged at the TSE on the stated day.

The first market’s index dropped 16,549 points, and the second market’s index fell 30,015 points.

TSE is on the four Iranian stock exchanges, the other three ones are Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX), as well as Iran’s over-the-counter (OTC) market, identified as Iran Fara Bourse (IFB).

A market expert believes that the Iranian share market has the ability to expand regardless of the distrust established in the market as a result of some bad verdicts.

Highlighting that there is potential for expansion in the market, Hassan Kazemzadeh stated to ISNA on the 5 of June that "Given this potential, the market will grow. Of course, there are ups and downs, but no matter how much distrust there is, the changes of major economic factors will affect the market, but this effect takes place gradually and over time.”

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