TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 21,497 points to 1.229 million on Wednesday.

Over 5.545 billion securities worth 34.793 trillion rials (about $120 million) were traded at the TSE.

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.

The government has applied several new changes in the national budget bill for the next Iranian calendar year (begins on March 21, 2022) which according to experts and analysts will ensure the stock market’s stability and growth in the coming years.

MA/MA