TEDPIX closes Sunday earning 1,346 points| MENAFN.COM

Sunday, 07 August 2022 10:00 GMT

TEDPIX closes Sunday earning 1,346 points


(MENAFN) IRNA mentioned in a report that TEDPIX, the benchmark index of the Tehran Stock Exchange (TSE), increased 1,346 points on Sunday to stand at 1.502 million points.
Around 9.151 billion securities valued at 63.308 trillion rials (nearly $228.1 million) were exchanged at the TSE on the stated day.

The first market’s index earned 1,405 points, and the second market’s index jumped 10,146 points.

TSE is on the four Iranian share 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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