TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 7,408 points to 1.475 million on Sunday.

As reported, over 10.416billion securities worth 60.389 trillion rials (about $223.6 million) were traded in the TSE.

The first market’s index rose 585 points, and the second market’s index gained 29,861 points.

TEDPIX rose 9,000 points to 1.454 million in the past Iranian calendar week (ended on Friday).

As reported, the indices of Iran Khodro Investment Development Company (IKIDO), Social Security Investment Company (SSIC), Iran Khodro Company (IKCO), Saipa Company, and Isfahan Oil Refinery were the mostly followed ones during the past week.

TEDPIX is expected to follow a mild upward trend in the current Iranian calendar year 1401 (started on March 21), a market analyst told IRNA on April 3.

“The capital market index experienced a significant decline in [the Iranian calendar year] 1399 (ended on March 21, 2021) and the transactions at this market also undergone some correction in the previous year. Therefore, it seems that given the relative stability of macroeconomic variables, we will see a slight growth in the market index during the current year,” Ali Teymouri said.

According to Teymouri, the main risks threatening the capital market in the current year are budget-related issues, as well as government and central bank exchange rate policies following a possible nuclear agreement.

Transparency in the economic policies of the new government, as well as the resolution of issues related to the nuclear deal, can create stable conditions for the country's economy, which can in return ensure a good outlook for the capital market, the analyst added.

In the last few months of last year, the capital market experienced some turbulence due to the ambiguities about the outcomes of the Vienna talks.

MA/MA