Tehran Stock Exchange (TSE) Rises as Over 18 Billion Securities are Traded
(MENAFN) On Tuesday, the main index of Tehran stock exchange (TSE), known as TEDPIX, recorded a gain of 29,159 points, reaching 2.119 million. This positive trend reflects the rising demand for securities and Stocks among investors in Iran. In addition, over 18.347 billion securities were traded at the TSE, amounting to a total value of 117.173 trillion rials (approximately USD250 million).
TSE is the most important among the four Iranian stock exchanges, with the other three being the Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX), and Iran's over-the-counter (OTC) market, known as Iran Fara Bourse (IFB). The TSE is a vital source of financing for Iran's economy, with many companies in the country relying on it to raise capital.
The recent rise in TEDPIX can be attributed to several factors, including the increase in liquidity in the market, the growth of the Iranian economy, and the positive outlook for the future of the country's stock market. Furthermore, the Iranian government has taken steps to encourage foreign investment in the TSE, which is expected to further boost the market's growth.
Overall, the recent gains in the TSE reflect a positive trend in Iran's economy and demonstrate the continuing confidence of investors in the country's stock market. As the TSE continues to grow and attract more investment, it is likely to play an increasingly important role in the development of Iran's economy.
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