Sunday, 28 May 2023 03:16 GMT

TEDPIX closes Wednesday’s session with 8,400 down

(MENAFN) TEDPIX, the benchmark index of Tehran Stock Exchange (TSE), dropped 8,477 points to 1.502 million on Wednesday.

As mentioned in reports, at least 5.192 billion securities valued at 31.748 trillion rials (nearly USD114.2 million) were exchanged at the TSE.

The first market’s index dropped 7,224 points, and the second market’s index fell 13,914 points.

Iranian share market has been struggling for months to get back on track, however numerous domestic and external aspects have been impacting this market from getting to its true potential.

Highlighting that these aspects have impacted the mindset of the stockholders and led everyone to stay away from the market, Halalat stated that “Considering internal factors, the country’s major automakers play an important role in the stock market and have a great psychological impact; And since their privatization process has not been realized yet, the validity of the entire project has become questionable.”


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