TEDPIX gains 11,000 points on Wednesday

March 9, 2022 - 15:34

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 11,779 points to 1.348 million on Wednesday.

As reported, over 7.614 billion securities worth 46.24 trillion rials (about $184.96 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.

Capital market in a country eliminates the enterprises’ need for external financing that requires forex rate risk; and plays an important role in risk sharing and the effectiveness of capital allocation in various economic sectors, and as a result increases economic growth and welfare in society.

In Iran, where the capital market plays a small role in the long-term financing of enterprises, the government can play an important role in the development of the capital market and take initiatives to develop this market and increase its efficiency.

Two recent measures taken by the Iranian government indicate that the government is determined to support the capital market and strengthen this market’s role in the national economy.

MA/MA

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