TEDPIX falls 21,000 points on Monday

January 24, 2022 - 15:36

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), lost 21,824 points to 1.234 million on Monday.

Over 4.506 billion securities worth 27.681 trillion rials (about $95.451 million) were traded at the TSE.

The first market’s index fell 18,670 points, and the second market’s index dropped 35,644 points.

TEDPIX lost 55,000 points (4.3 percent) to 1.279 million in the past Iranian calendar week (ended on Friday).

During the past week, the indices of Mobarakeh Steel Company, Bandar Abbas Oil Refining Company, Isfahan Oil Refinery, Tehran Oil Refining Company, Iran Khodro Company, Saipa Company, and National Iranian Copper Company were the most widely followed ones.

On Saturday, Head of Iran’s Capital Market Development and Stabilization Fund Amir-Mahdi Sabaei said on Friday that part of the allocations by the National Development Fund (NDF) has been deposited into the stabilization fund to support the stock market.

Sabaei had previously announced the allocation of 120 trillion rials (about $430 million) of NDF resources for the Capital Market Development and Stabilization Fund.

The official said the rest of the funding will also be paid based on a mutually agreed schedule, adding: "We hope that the rest of the deposits, like the deposits made yesterday, will be made regularly according to the agreed schedule."

MA/MA

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