Tehran Stock Exchange (TSE) Witnesses Surges on Sunday in its Main Index
Date
4/10/2023 3:53:48 AM
(MENAFN) On Sunday, the Tehran Stock Exchange's (TSE) main index, TEDPIX, experienced a surge of 10,258 points, reaching 2.212 million. This news comes as a positive development for the TSE, which is the most important of the four Iranian stock exchanges, including the Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX), and Iran's over-the-counter market, known as Iran Fara bourse (IFB).
Additionally, over 20.33 billion securities worth 132.59 trillion rials (about USD315.7 million) were traded at the TSE on the same day, indicating strong investor participation in the market. The TSE is a vital platform for companies to raise capital and for investors to buy and sell securities. The recent surge in the main index reflects a positive sentiment among investors regarding the TSE's potential for growth.
The Iranian economy has been facing several challenges, including the impact of economic sanctions and the COVID-19 pandemic. However, the TSE has managed to remain resilient and has shown signs of recovery in recent months. The government has implemented policies to support the stock market, including tax breaks for investors and incentives for listed companies, to encourage investment in the TSE.
The boost in the TSE's main index indicates that investors have confidence in the market's ability to weather economic challenges and grow in the long term. This optimism is a positive sign for companies looking to raise capital and for the Iranian economy as a whole. The TSE's success is crucial for the country's economic growth and development, as it provides a platform for businesses to access capital and for investors to diversify their portfolios.
MENAFN10042023000045014228ID1105970712
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.