TEDPIX drops 5,800 points on Sunday

December 20, 2020 - 15:22

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), fell 5,870 points to 1.439 million on Sunday.

Over 9.74 billion securities worth 113.521 trillion rials (about $2.702 billion) were traded at the TSE on Sunday.

The first market’s index fell 7,321 points, and the second market’s index lost 1,194 points.

The index stood at 1.413 million points at the end of the previous week.

During the past week, the indices of Iran Khodro Group, Social Security Investment Company, Saipa Company, Tejarat Bank, Esfahan Oil Refining Company, and National Iranian Copper Industry Company were the most widely followed indices.

TEDPIX, which had been experiencing a surprisingly rising trend since the last days of the previous Iranian calendar year (ended on March 19), hit the record high of two million points on August 2, but then it began to drop, coming down to 1.2 million points.

After a period of correction, the index has been recently climbing.

Earlier this month, Ahmad Eshtiaqi, a market analyst, told IRNA that the index will continue its upward trend until the end of the current Iranian calendar year (March 20, 2021) and is expected to reach 1.8 million points by the end of the year.

MA/MA

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