TEDPIX records impressive gain on Monday’s trading session
Date
2/14/2023 1:50:54 AM
(MENAFN) On Monday, the main index of Tehran stock exchange (TSE), TEDPIX, surged by 2,298 points to reach 1.548 million. This is considered a notable increase, especially for the TSE, which is regarded as Iran's most crucial stock exchange. Additionally, trading volume was reported to be robust, with over 7.624 billion securities exchanged, totaling a sum of 40.646 trillion rials (equivalent to approximately $101.6 million).
TSE is one of Iran's four stock exchanges, and it is highly valued by investors in the region. The other three exchanges are the Iran Mercantile Exchange (IME), the Iran Energy Exchange (IRENEX), and the Iran's over-the-counter (OTC) market, also known as Iran Fara Bourse (IFB).
This impressive performance by TSE's main index can be attributed to various factors, such as positive news in the financial sector, the stability of the country's political environment, and the steady growth of Iran's economy, despite the global economic downturn due to the COVID-19 pandemic.
The TSE has been experiencing steady growth and development over the years, and its investors remain optimistic about the future. This is primarily because the Iranian government has implemented several measures to improve the business environment and attract more foreign investors to the market. As a result, the TSE has become an essential platform for investors seeking profitable opportunities in Iran's economy.
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