TSE’s main index drops 2,000 points in a week

February 18, 2022 - 7:41

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), dropped 2,000 points (less than one percent) to 1.282 million in the past Iranian calendar week (ended on Friday).

During the past week, the indices of Mobarakeh Steel Company, Tehran Oil Refining Company, 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.

Government Economic Coordination Headquarters in its meeting in the last week of January approved five new resolutions for supporting the country’s stock market, and the directives in this regard were sent to relative ministries, First Vice President Mohammad Mokhber announced at the time.

MA/MA

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