TEDPIX loses 15,000 points on Saturday

March 12, 2022 - 14:50

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), lost 15,359 points to 1.332 million on Saturday.

As reported, over 8.7 billion securities worth 51.71 trillion rials (about $198.8 million) were traded at the TSE.

TEDPIX rose 67,000 points (5.2 percent) to 1.348 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, Social Security Investment Company, and Isfahan Oil Refinery 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.

MA/MA

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