TEDPIX closes Saturday’s session losing 12,000 points

2022-07-03 04:17:36

(MENAFN) TEDPIX, the benchmark index of Tehran Stock Exchange (TSE), declined 12,000 points to 1.501 million on Saturday (the opening day of Iranian calendar week).

As mentioned in reports, more than 6.612 billion securities valued at 38.148 trillion rials (nearly USD136.2 million) were exchanged at the TSE.

The initial market’s index decreased 11,369 points, and the second market’s index dropped 16,493 points.

TSE is on the four Iranian stock exchanges, the additional 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).

Highlighting that there is potential for expansion in the market, Hassan Kazemzadeh stated to ISNA on June 5 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.”

He highlighted that “Although there is a 30 to 40 percent growth potential in the market, even professionals are disappointed.”

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