TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), lost 23,730 points to 1.32 million on Sunday.

As reported, over 4.452 billion securities worth 23.863 trillion rials (about $586 million) were traded at the TSE.

The first market’s index fell 20,676 points, and the second market’s index dropped 37,440 points.

TEDPIX gained 9,000 points (less than one percent) to 1.349 million in the past Iranian calendar week (ended on Friday).

During the past week, the indices of Isfahan Refining Company, Sabzevar Pars Steel Complex, Social Security Investment Company, and Barekat Pharmaceutical Group were the most widely followed ones.

In a meeting with the representatives of over 30 major companies active in the capital market, on November 1, to exchange ideas for resolving issues and developing the economy, Finance and Economic Affairs Minister Ehsan Khandouzi said his ministry plans to make the economy more predictable and eliminate pricing systems that are harmful to the capital market and the stock exchange industry.

The official noted that the government will follow new strategies to compensate for the budget deficit by making government assets more productive and also by selling surplus properties.

“The task of the Economy Ministry and the Securities and Exchange Organization is to develop tools and institutions in order to create a transparent, efficient, and predictable market,” Khandouzi stated.

MA/MA