TEDPIX up 6,000 points on Tuesday

February 1, 2022 - 15:21

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), gained 6,681 points to 1.301 million on Tuesday.

As reported, over 7.559 billion securities worth 42.542 trillion rials (about $151.39 million) were traded at the TSE.

The first market’s index rose 7,050 points, and the second market’s index climbed 6,788 points.

TEDPIX lost 50,000 points (four percent) to 1.229 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, Iran Khodro Company, Saipa Company, and National Iranian Copper Company were the most widely followed ones.

Government Economic Coordination Headquarters in its latest meeting has approved five new resolutions for supporting the country’s stock market, and the directives in this regard have been sent to relative ministries, First Vice President Mohammad Mokhber announced on January 26.

The mentioned resolutions include the reduction of petrochemical feed prices, the reduction of interbank interest rates, the restriction of the sale of securities, preventing the increase of government mining salaries, and the increase of the exchange rate of banks.

MA/MA

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