TEHRAN- TEDPIX, the main index of the Tehran Stock Exchange (TSE), lost 3,037 points (0.14 percent) to 2,107,760 on Wednesday, which is the fifth day of Iranian calendar week.

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 deputy governor of the Central Bank of Iran (CBI) has stressed the need for diverse financing tools in the country, noting that such tools are currently being provided by the stock market.

“To reduce the speculative and profit-seeking activities of dealers in the country, financing tools should be diversified,” Mohammad Shirijian said on Sunday.

“The capital market is an institution that directs capital to production in an efficient manner. Now, to accelerate the process of resource transfer and high productivity, the financing should be directed to the enterprises,” the official explained.

Shirijian called on the government and the parliament to pay more attention to the stock market, saying: “If the government and parliament pay more attention to the capital market, we will see the withdrawal of resources from non-productive markets and the reduction of the bubble in other parallel markets (such as currency, coins, gold, housing, and cars).”

MA