TEDPIX gains 3,000 points on Tuesday

February 22, 2022 - 14:23

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 3,211 points to 1.284 million on Tuesday.

As reported, 5.433 billion securities worth 33.034 trillion rials (about $127.05 million) were traded at the TSE.

The first market’s index rose 2,393 points, and the second market’s index increased 6,345 points.

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

Reducing taxes on production units active in the stock market, strengthening the Capital Market Development and Stabilization Fund, eliminating subsidized foreign currency allocations, and stabilizing the ownership interest of the mines are some of the measures considered in the budget bill to support the capital market.

MA/MA

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