Tehran Stock Exchange Record Gains at Monday's close

2023-05-03 04:39:44

(MENAFN) On Monday, the main index of Tehran Stock Exchange (TSE), TEDPIX, gained 1,299 points to reach 2.48 million. Over 22.352 billion securities worth 160.192 trillion rials (about USD381.4 million) were traded at the TSE, making it the most important of the four Iranian stock exchanges. The other exchanges include Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX), and Iran's over-the-counter (OTC) market, known as Iran Fara Bourse (IFB).

A capital market expert, Mohsen Abbaslou, has highlighted the potential for directing liquidity towards the capital market as a solution to control inflation and boost production, in line with this year's slogan of "Inflation Control, Production Growth." Improving the capital market's infrastructure to finance companies could help strengthen the market and increase production.

Abbaslou emphasized the importance of directing liquidity towards the capital market to control inflation and reduce liquidity. He believes that the year 1402, named by the leader as the year of Inflation Control, Production Growth, presents an opportunity to realize the potential of the capital market. He added that directing liquidity towards the capital market is one of the best ways to control inflation and reduce liquidity.

The Iranian government has been making efforts to promote non-oil exports and expand economic ties with other countries. Developing the capital market is an important part of this effort. The potential for growth in the capital market presents a significant opportunity to strengthen the Iranian economy and improve the livelihoods of its citizens.

In conclusion, the Tehran Stock Exchange's recent gains, coupled with the potential for directing liquidity towards the capital market, presents a positive outlook for the Iranian economy. The government's commitment to controlling inflation and promoting production growth, along with the capital market's potential to finance companies, could pave the way for sustainable economic growth and development in the years to come.

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