(MENAFN) TEDPIX, the benchmark index of Tehran Stock Exchange (TSE), surged 3,019 points on Tuesday.
The index ended at 1.451 million points, as more than 5.893 billion securities valued 50.496 trillion rials (nearly USD180.34 million) were exchanged at the TSE.
The first market’s index surged 4,962 points, and the second market’s index added 2,135 points.
TSE is one of 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, also known as Iran Fara Bourse (IFB).
Senior stock market expert, Ashkan Zoudfekr, believes the administration needs back the share market versus other similar rivals like money and property markets, the Securities and Exchange News Agency (SENA) mentioned in report issued on Sunday.
Zoudfekr stated that “Considering the fact that the capital market provides liquidity and dynamism to the economy, and is a useful and active part of the country's economic development, strengthening it should become a priority for the government.”
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