TEDPIX drops 11,000 points on Saturday

February 27, 2021 - 15:30

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), fell 11,855 points on Saturday (first day of Iranian calendar week).

Over 3.235 billion securities worth 38.633 trillion rials (about $919.83 million) were traded at the TSE on Saturday.

The first market’s index fell 10,800 points, and the second market’s index dropped 16,648 points.

TEDPIX dropped 2.7 percent during the past Iranian calendar week.

The index stood at 1.205 million points on Wednesday (the last working day of the week).

During the past week, the indices of Social Security Investment Company, Tamin Cement Company, Amin Investment Bank, Mobarakeh Steel Company, National Iranian Copper Industry Company, Tehran Oil Refining Company, and Bandar Abbas Oil Refining Company were the most widely followed indices.

Last week, market analyst Amir-Ali Amir-Baqeri told IRNA that Iranian stock market is moving in the right direction and will reach stability in the near future.

“Market authorities are currently using asymmetric fluctuations to improve the market situation, but we must move in a direction where there is no volatility in the market,” Amir-Baqeri said.