TEDPIX drops for 4th consecutive week

September 4, 2020 - 10:7

TEHRAN- TEDPIX, the main index of the Tehran Stock Exchange (TSE), which is Iran’s major stock exchange, fell five percent in the past Iranian calendar week (ended on Friday).

The index stood at 1.631 million points at the end of the past week, IRNA reported.

As reported, most of the trades were conducted through the indices of the National Iranian Copper Industry Company, Ghadir Investment company, Bank Saderat, Mobarakeh Steel Company, and Bandar Abbas Oil Refining Company.

TEDPIX had also experienced a two-percent fall in the week ended on August 28, an 11.3-percent drop in the week ended on August 21, and a two-percent fall in the week ended on August 14.

It should be mentioned that the index had hit the record high of two million points on August 2, and while it had been experiencing an unprecedented trend of rising over the recent months, it witnessed several days of drop in the past three weeks.

While Iran’s stock market has not received any external shocks such as those form the foreign currency exchange rate, inflation, parallel markets, and international issues, some internal factors have caused the recent drops in this market.

MA/MA

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