New trading codes issuance up 45% since March

September 12, 2018

TEHRAN- The number of trading codes issued in Tehran Stock Exchange (TSE) has increased 45 percent since the beginning of current Iranian calendar year (March 21) compared to the same period of time in the previous year, TSE spokesman Hamid Rouhbakhsh told IRIB on Monday.

Some 72,000 trading codes have been issued in the TSE since the year start, he announced.

“Capital market has been lucky receiving high attention from the investors over the past months as we witnessed a new record in the TEDPIX (TSE main index) today which gained 44,700 points to stand at 147,000 points with a 3.4-percent increase from yesterday”, Rouhbakhsh underlined.

Presence of new shareholders in TSE rose 40 percent in the past Iranian calendar year 1396 (ended on March 20), compared to its preceding year, as TSE CEO Hassan Qalibaf-Als has previously announced, putting the number of issued trading codes at 174,719 in the past year.

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.

MA/MA

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