TSE experiences a slight weekly decline of its main index

April 16, 2021 - 15:56

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), dropped 6,000 points, or 0.5 percent, in the past Iranian calendar week.

The index closed at 1.243 million points on Wednesday (the last working day of the week).

During the past week, the indices of Opal Kani Pars Mining and Processing Company, Social Security Investment Company, Mobarakeh Steel Company, Iran Khodro Company, Isfahan Oil Refining Company, and National Iranian Copper Industry Company were the most widely followed indices.

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

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

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

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