TEDPIX drops 1,300 points on Sunday

October 17, 2021 - 15:47

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), lost 1,398 points to 1.436 million on Sunday.

As reported, over 5.888 billion securities worth 43.85 trillion rials (about $1.044 billion) were traded at the TSE.

The first market’s index rose 398 points, but the second market’s index dropped 7,237 points.

TEDPIX fell 6.5 percent in the past Iranian calendar week (ended on Friday).

The index lost 91,000 points to close at 1.397 million.

During the past week, the indices of Social Security Investment Company, Bandar Abbas Refinery, Isfahan Refining Company, Sepid Makian Company, and Barekat Pharmaceutical Group were the most widely followed ones.

Capital market analyst, Soheil Kolahchi, believes the stock market is going to be able to compete with other parallel markets for bringing positive returns to investors in the second half of the current Iranian calendar year (September 22, 2021-March 20, 2022), IRNA reported.

Stating that the stock market can be one of the suitable markets for investment in the second half of the year, Kolahchi said: “The capital market can provide an acceptable return to shareholders and experience good growth compared to other parallel markets by the end of the year.”

“The stock market can grow by the end of the year as the prevailing environment for investing in other parallel markets (including the forex, gold, and housing markets) is calm and nothing special is going to happen in any of them,” he explained.

MA/MA

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