TEDPIX loses 7,700 points on Saturday

April 24, 2021 - 14:26

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), lost 7,711 points on Saturday, which is the first day of Iranian calendar week.

Over 3.095 billion securities worth 22.75 trillion rials (about $541.6 million) were traded at the TSE on Saturday.

The first market’s index dropped 4,845 points, and the second market’s index fell 18,353 points.

TEDPIX dropped 36,000 points, or three percent, in the past Iranian calendar week.

The index closed at 1.207 million points on Wednesday (the last working day of the week).

During the past week, the indices of Social Security Investment Company, National Iranian Copper Industry Company, Iran Khodro Company, Isfahan Oil Refining Company, and Bank Mellat 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).

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

Two weeks ago, in the 216th meeting of the Government Economic Coordination Headquarters, President Rouhani presented a report on the government’s supportive measures for the stock market, saying: “This year, which has been named the year of supporting production and eliminating obstacles, the government is trying to remove obstacles to the growth of the capital market and will try to encourage people to enter this market with the necessary training and arrangements.”

MA/MA

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