TEDPIX decreases by 12,110 points at Sunday's end
Date
2/13/2023 2:42:44 AM
(MENAFN) The Tehran stock exchange (TSE), the largest stock exchange in Iran, saw a decline of 12,110 points on Sunday, bringing the benchmark index, TEDPIX, down to 1.545 million. This decrease in stock prices resulted in the exchange of over 6.035 billion securities valued at 44.938 trillion rials (around USD112.3 million). The TSE is one of four stock exchanges in Iran, with the others being Iran Energy Exchange (IRENEX), Iran Mercantile Exchange (IME), and Iran's over-the-counter (OTC) market known as Iran Fara bourse (IFB).
In an effort to support small shareholders, the Iranian government has announced that they will be contributing 150 trillion rials (around USD375 million) to the Capital Market Stabilization and Development Fund (CMSDF) in the upcoming Iranian calendar year 1402, which starts on March 21st. The funds collected by the CMSDF will be used to provide stability and support to the stock market, particularly for smaller shareholders.
The capital market in Iran has been facing challenges in recent years due to economic sanctions imposed by the international community. Despite these challenges, the Iranian government has been taking steps to improve the market's performance and attract more investment. The contribution to the CMSDF is just one of the many initiatives taken by the government to support the growth of the capital market in Iran.
In conclusion, the Tehran Stock Exchange has seen a decrease in stock prices, leading to a decrease in the benchmark index, TEDPIX. The Iranian government has announced its plans to support small shareholders by contributing to the Capital Market Stabilization and Development Fund, which will provide stability and support to the stock market. Despite the challenges faced by the capital market in Iran, the government is working hard to improve its performance and attract more investment.
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