TSE’s main index climbs 58,000 points in a week

April 23, 2022 - 13:39

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), gained 58,000 points (four percent) to 1.512 million in the past Iranian calendar week (ended on Friday).

TEDPIX also gained 145,000 points (10.5 percent) in the past Iranian month Farvardin, the first month of the Iranian calendar year (March 21-April 20).

In the past few months, Securities and Exchange Organization (SEO) has taken many measures to stabilize the stock market, reduce the excitement in trading and return shareholders' trust in this market, and these decisions have showed their effect in the past month.

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

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