Tehran Stock Exchange's Main Index Gains 71,880 Points on Sunday
Date
5/15/2023 2:54:04 AM
(MENAFN) On Sunday, the main index of Tehran stock exchange (TSE), known as TEDPIX, gained 71,880 points to reach 2.285 million. This indicates a positive performance for the TSE, which is considered the most important stock exchange in Iran. The other three Iranian stock exchanges are the Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX), and Iran's over-the-counter (OTC) market, known as Iran Fara bourse (IFB).
According to reports, over 21.108 billion securities worth 150.094 trillion rials (about USD300 million) were traded at the TSE on Sunday. This high trading volume suggests that investors are actively participating in the market, which can contribute to the overall growth of the TSE. It remains to be seen if this positive trend will continue in the coming days.
The TSE plays a significant role in Iran's economy, as it provides a platform for companies to raise capital and for investors to buy and sell securities. The exchange has faced challenges in recent years due to economic sanctions imposed on Iran by the United States. However, the Iranian government has taken steps to support the TSE and encourage investment in the country's stock market.
Overall, the gain of 71,880 points in the TEDPIX on Sunday is a positive indicator for the TSE and the Iranian stock market as a whole. The high trading volume also suggests that investors are optimistic about the market's potential for growth. As Iran continues to navigate economic challenges, the TSE will remain a key player in the country's efforts to attract investment and promote economic development.
MENAFN15052023000045014228ID1106242599
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.