TEDPIX closes Wednesday’s session 8,000 points down| MENAFN.COM

Friday, 07 October 2022 04:35 GMT

TEDPIX closes Wednesday’s session 8,000 points down


(MENAFN) TEDPIX, the benchmark index of Tehran share Exchange (TSE), dropped 8,101 points to 1.451 million on Wednesday.

As mentioned in reports, the first market’s index declined 5,738 points, and the second market’s index dropped 16,746 points.

Tehran share Exchange witnessed a surge of 9.5 percent in the amount of its exchange in the last Iranian calendar week (ended on Friday).

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 to support 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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