TSE experiences a slight weekly growth of its main index

May 14, 2021 - 13:41

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), gained 11,000 points, or one percent, in the past Iranian calendar week.

The index closed at 1.183 million points on Wednesday (the last working day of the week).

During the past week, the indices of Barekat Pharmaceutical Group (BPG), Social Security Investment Company, Mobarakeh Steel Company, Iran Khodro Company, Isfahan Oil Refining Company, National Iranian Copper Industry Company, and Bank Mellat were the most widely followed indices.

A capital market analyst says that TEDPIX is going to improve over the next 1.5 months in comparison to the first 1.5 months of the current Iranian calendar year (started on March 21).

Rouzbeh Shariati believes reaching a possible agreement on the nuclear deal, the stability of the national currency, as well as the less attractive situation of the parallel markets are the important factors that would contribute to the improvement of the capital market.

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.

MA/MA

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