TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 2,868 points to 1.316 million on Saturday (first day of Iranian calendar week).

As reported, over 4.303 billion securities worth 32.429 trillion rials (about $111.8 million) were traded at the TSE.

The first market’s index rose 4,427 points, and the second market’s index gained 1,236 points.

TSE is one of the four Iranian stock exchanges, the other three ones are Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX), and Iran’s over-the-counter (OTC) market, known as Iran Fara Bourse (IFB).

An Iranian capital market analyst believes that various internal and external factors have contributed to the current downward trend in the stock market and no single person or entity is at fault for the situation.

“The current situation in the capital market (the decline in the market index) cannot be attributed to a specific person, organization or institution; Rather, various factors have come together and created the basis for such a trend in the market,” Shahin Cheraghi told IRNA on Wednesday (September 28).

MA/MA