TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), dropped 976 points to 2.122 million on Monday.

As reported, over seven billion securities worth 48.429 trillion rials (about $98.8 million) were traded at the TSE.

TSE is one of the four Iranian stock exchanges, and the most important one. 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).

The stock market transactions in the past Iranian calendar year 1401 (ended on March 20) went through volatile days, which, according to experts, despite the value of the stock market for investment, the mistrust of shareholders and their fear of entering their capital into this market led to a decrease in liquidity and creating severe fluctuations in the stock market.

This condition caused the government and the Securities and Exchange Organization (SEO) to take effective measures to restore prosperity and investors’ confidence in this market, in a way that many capital market experts believe that the outlook for investing in the stock market is positive in the current year.

As stated by the secretary general of Iran’s Securities Exchange Brokers Association (SEBA), the government and Securities and Exchange Organization worked well to make changes in the stock market during the past Iranian year.

Mohammad-Reza Dehqani Ahmad-Abad added that these measures can bring good returns in the first half of 1402, but measures must be taken to remove the concerns from the stock market in the long term.

MA