TEDPIX loses 22,000 points on Sunday

February 6, 2022 - 15:27

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), dropped 22,447 points to 1.281 million on Sunday.

As reported, over 6.358 billion securities worth 38.104 trillion rials (about $141 million) were traded at the TSE.

The first market’s index dropped 22,236 points, and the second market’s index lost 27,288 points.

TEDPIX rose 92,000 points (5.8 percent) to 1.301 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.

The Money and Capital Market Committee of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) hosted a meeting with Securities and Exchange Organization (SEO) Head Majid Eshqi on January 30 to discuss the capital markets' current issues and challenges.

The meeting was attended by the members of the mentioned committee as well as the representatives of some of the companies active in the stock market.

Lack of sufficient training for shareholders, facilitating the entry of new companies into the stock market, offering bonds by the capital market instead of banks to provide fixed and working capital for production units, accelerating the formation of credit rating companies in the stock market, and tax exemption for undistributed dividends of companies, as well as pricing problems, were some of the most important issues pointed out by the businessmen and officials attending the mentioned meeting.

MA/MA

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