TEDPIX soars by 8,723 points on Wednesday’s session end
Date
2/28/2024 6:48:34 AM
(MENAFN) TEDPIX, the primary index of the Tehran stock exchange (TSE), surged by 8,723 points to reach 2,054,739 on Wednesday, marking the fifth day of the Iranian calendar week.
TSE stands as the most significant among the four Iranian stock exchanges, which include the Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX), and Iran's over-the-counter market, referred to as Iran Fara bourse (IFB).
The head of Iran’s Securities and Exchange Organization (SEO) outlined the actions taken by the organization during the preceding Iranian calendar year 1401, which concluded on March 20, 2023. Furthermore, the head elaborated on the priorities and key plans of the SEO for the year 1402.
In his New Year message, Majid Eshqi expressed:
In 1401, one of the main goals of SEO was to protect the rights of investors and restore their confidence in the capital market. In this regard, various programs were targeted and implemented: (1) Development and improvement of intelligent monitoring systems in market sectors and financial institutions, (2) Payment of interest through the comprehensive customer information system of Sejam, including annual and annual profits, so that small shareholders can ensure that they receive their profits at the lowest cost, (3) Launching new investment instruments, including certificates of deposit of gold bullion, crude oil and gas condensate, so that small shareholders can invest in basic and relatively inflation-proof assets in small amounts, (4) Diversification of investment funds to cover the tastes and needs of a wider range of retail investors, (5) A jump in the licensing of financial institutions with the aim of improving the competitive environment and increasing the quality of customer service, (6) Building trust through the promotion of the Capital Market Stabilization Fund’s status and introducing the shareholder portfolio insurance plan for retail investors, (7) Improving market micro-structures such as increasing the range of volatility with the aim of smoothing the market flow, and (8) Issuing new guidelines for corporate governance in order to protect the rights of shareholders by publishers. Today, we can say with pleasure that the trust of small shareholders has been significantly restored as a fundamental step towards popularizing the economy.
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