TEDPIX loses 8,000 points on Monday

April 19, 2021 - 16:7

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), lost 8,082 points to 1.216 million on Monday.

Over 3.139 billion securities worth 30.516 trillion rials (about $726.5 million) were traded at the TSE on Monday.

The first market’s index fell 7,065 points, and the second market’s index dropped 12,364 points.

Unprecedented fluctuations in the Iranian stock market over the past few months have led shareholders, experts, and scholars to call for the government to increase its support for the market, some shareholders want the government to guarantee the return of their stocks, some believe providing infrastructure is the best way to help this market.

Some, on the other hand, believe that the government should not interfere in the stock market, saying the government's pre-ordered and unrealistic pricing of some state-owned shares is the main reason for the capital market’s current downward trend.

Now the question is how the government can really support the stock market to help it get back on its trail?

So far, the government has repeatedly stated that the activities carried out in this market are not aimed at interfering in stock exchange transactions or directing the market, but are efforts for reducing the bubble created in the market and to prevent further decline of the stock market index.

MA/MA

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