Tehran Stock Exchange Drops, While Prospects for the Future Remain Positive
Date
5/10/2023 7:14:40 AM
(MENAFN) On Tuesday, the main index of Tehran stock exchange (TSE), known as TEDPIX, dropped 8,570 points to 2.305 million. Over 26.296 billion securities worth 186.916 trillion rials (about USD445 million) were traded at the TSE. TSE is one of the four Iranian stock exchanges and is considered to be the most important one. The other three exchanges are Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX), and Iran’s over-the-counter (OTC) market, known as Iran Fara bourse (IFB).
Despite the drop in the TSE, a member of the Iranian Parliament's Planning and Budget Committee, Mohammadreza Mirtajedini, has expressed optimism about the future of the stock market. Mirtajedini believes that a prosperous future is expected for the stock market by using modern financial instruments. He suggests that shareholders should invest indirectly in the capital market using financial instruments such as investment funds before directly entering the market.
Mirtajedini emphasizes the importance of education for individuals looking to enter the market. He believes that with the help of investment funds and a long-term view, shareholders can inject their capital into the market to bring the country's production to the required level of prosperity. This highlights the need for individuals to have a solid understanding of the market and its workings before investing their capital.
Despite the recent drop in the TSE, the prospects for the future of the Iranian stock market remain positive. The government's focus on modern financial instruments and the use of investment funds is a positive step towards attracting more investors to the market. Additionally, the emphasis on education highlights the importance of individuals having a solid understanding of the market before investing their capital. It is hoped that these efforts will lead to increased investment in the market, ultimately contributing to the growth and development of the Iranian economy.
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