TEDPIX drops nearly 2,000 points on Tuesday

April 6, 2021 - 15:13

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), fell 1,934 points to 1.26 million on Tuesday.

Over 3.531 billion securities worth 55.813 trillion rials (about $1.328 billion) were traded at the TSE on Tuesday.

The first market’s index dropped 2,482 points, and the second market’s index fell 231 points.

TEDPIX had risen eight percent in the last week of the past Iranian calendar year (ended on March 20).

The index increased 101,000 points to 1.307 million in that week.

After several weeks of decline, growth finally returned to the TSE, Iran’s major stock exchange, as TEDPIX rose 2.4 percent during the last week of February.

Market analysts and experts suggest investors to focus more on long-term investment in the Iranian stock market and to invest through intermediary tools like exchange-traded funds (ETFs) to prevent possible losses in the current Iranian calendar year (began on March 21).

They also advise shareholders to avoid impulsive decisions for quitting the market rattled by the surprising fluctuations in the stock market in the previous year.

MA/MA