TEDPIX climbs 17,000 points on Saturday

March 5, 2022 - 14:47

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), gained 17,627 points to 1.298 million on Saturday.

As reported, over 11.6 billion securities worth 53.14 trillion rials (about $212.5 million) were traded at the TSE.

TEDPIX lost 7,000 points (less than one percent) to 1.281 million in the past Iranian calendar week (ended on Friday).

During the past week, the indices of Tehran Oil Refining Company, Mobarakeh Steel Company, Iran Khodro Company, Saipa Company, National Iranian Copper Company, and Bank Mellat 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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