TEDPIX gains 23,000 points on Sunday

March 6, 2022 - 14:26

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), gained 23,000 points to 1.322 million on Sunday.

As reported, over 9.431 billion securities worth 51.38 trillion rials (about $205.52 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.

As stated by Market Analyst Peyman Hadadi, the national budget bill for the next Iranian calendar year indicates that the government has a more positive view of the market for the upcoming year.

According to Hadadi, the allocation of a separate budget for the Capital Market Development and Stabilization Fund shows that the government is taking the necessary measures to provide stronger support for the market and to ensure its growth in the future.

MA/MA

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