TSE’s main index dips 6.5% in a week

January 8, 2021 - 15:28

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), dropped 6.5 percent in the past Iranian calendar week.

The index stood at 1.31 million points on Wednesday (the last working day of the week).

During the past week, the indices of Mobarakeh Steel Company, Iran Khodro Group, Social Security Investment Company, Saipa Company, and National Iranian Copper Industry Company were the most widely followed indices.

Finance and Economic Affairs Minister Farhad Dejpasand has recently said that the stock market is now on the right track and has reached a stage that can be trusted in terms of performance.

“Except for the peripheral variables that affect this market, we do not have a specific market disturbance”, the minister stated.

Sometimes the policies that are made in different sectors affect the market, which is natural, he added.

For example, if a price floor is to be set for a commodity group and a ceiling is to be released, it is in the interest of that group, but because it is badly reflected, it has the opposite effect, Dejpasand explained.


Leave a Comment

6 + 8 =