A new record registered for TEDPIX

September 9, 2018 - 18:13

TEHRAN- Gaining 2,605 points to stand at 142,234 points, Tehran Stock Exchange (TSE)’s main index (TEDPIX) registered a new record on Sunday, IRNA reported.

As reported, 3.559 billion shares worth 8.433 trillion rials (about $200.7 million) were traded through 205,608 deals in the stock market.

The first market’s index rose 1,894 points and second market’s index added 5,308 points on Sunday.

Also, IFX, the main index of Iran's over-the-counter (OTC) market known as Iran Fara Bourse (IFB), hit a new record on Sunday. The index rose 27 points to 1,642, as 814 million securities worth 4.313 trillion rials (about $102.6 million) were traded.

The rising trend of TEDPIX began on June 13, which was named ‘Golden Wednesday of Stock Market’, when TEDPIX gained 2,767 points to stand at 99.146 points.

Then on June 17, players in Iran’s capital market witnessed a historical record in growth of TEDPIX which gained 3,306 points to hit 102,452 points, something unprecedented in the 50-year history of the country’s stock market.

Rise in stock exchange indexes was anticipated given the issues related to the political and economic status of the country at the time, but a 2,767-point growth in a single day was beyond the expectations.

The experts of capital market say some factors such as turbulences in the markets of foreign currency, gold coin, and housing and also entrance of new liquidity were the main reasons for such unprecedented rise.


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