TEDPIX drops nearly 2,000 points on Saturday
(MENAFN) TEDPIX, the benchmark index of Tehran Stock Exchange (TSE), saw a decrease of 3,000 points to 1.410 million in the last Iranian calendar week (closed on Friday).
The index had surged 131,000 points (10.21 percent) to 1.414 million points in the Iranian calendar week closed on 11th of November.
According to reports, it was the peakiest weekly surge throughout the present Iranian calendar year (started on the 21st of March).
Following a long span of time of decrease, the share market transactions finally came back to the rising cycle from the last two weeks and within the effect of the verdicts taken by the administration as well as the Securities and Exchange Organization (SEO), and surged the hope of stockholders to finance once more in this market as well as to gain a reasonable gain from it.
TSE is one of the four Iranian share exchanges, and the most vital one. The additional three ones are Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX), as well as Iran’s over-the-counter (OTC) market, recognized as Iran Fara Bourse (IFB).
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