(MENAFN) The main index of the Tehran Stock Exchange (TSE), known as TEDPIX, witnessed a significant gain on Monday, surging by 18,381 points to reach 2.275 million. The TSE, which is considered the most important stock exchange in Iran among the four existing exchanges, experienced robust trading activity, with over 11.138 billion securities traded, valued at approximately 91.247 trillion rials (equivalent to around USD217 million).
In addition to the TSE, the other Iranian stock exchanges include the Iran Mercantile Exchange (IME), the Iran Energy Exchange (IRENEX), and the Iran Fara Bourse (IFB), which operates as the over-the-counter market. These exchanges collectively contribute to the development and growth of Iran's capital market, enabling investors to participate in various sectors and diversify their investment portfolios.
Mohammadreza Mirtajedini, a member of the Iranian Parliament's Planning and Budget Committee, expressed optimism about the future prospects of the stock market. He emphasized the importance of utilizing modern financial instruments to drive the market's prosperity. Mirtajedini recommended that shareholders initially consider indirect investments in the capital market through financial instruments such as investment funds before directly entering the market.
Recognizing the significance of education for individuals interested in entering the market, Mirtajedini highlighted the need for shareholders to acquire knowledge and understanding of investment strategies and market dynamics. By leveraging investment funds and adopting a long-term perspective, shareholders can effectively inject capital into the market, fostering the required conditions for the country's production sector to flourish.
The remarks made by Mirtajedini reflect the Iranian Parliament's vision to promote a thriving stock market and encourage active participation from investors. By advocating for the use of financial instruments and emphasizing the role of education, policymakers aim to create an enabling environment that fosters sustainable growth and prosperity within the capital market. These initiatives align with broader national goals of economic development and the enhancement of Iran's financial landscape.
As the Tehran Stock Exchange continues to demonstrate positive performance, attracting increased trading volumes and gaining investor confidence, the parliamentary support for the market's future bodes well for the overall economic landscape in Iran. Through strategic reforms, the expansion of investment options, and the cultivation of a knowledgeable investor base, the Iranian stock market holds the potential to contribute significantly to the country's economic progress and development.
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