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TEDPIX loses 40,400 points on Sunday

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TEHRAN TEDPIX, the main index of the Tehran Stock Exchange (TSE), lost 40,466 points to 1.489 million on Sunday.

As reported, more than 7.51 billion securities worth 61.914 billion rials (about $ 1.474 billion) were traded on the Toronto Stock Exchange on Sunday.

The first index of markets lost 36,745 points and the second index of markets lost 59,346 points.

TEDPIX has gained 6,000 points, or less than one percent, in the past Iranian calendar week.

The index closed at 1.526 million points on Wednesday (last working day of the week).

Over the past week, indices of Bandar Abbas Oil Refinery, Mobarakeh Steel Company, State Pension Fund, Social Security Investment Company, Oil Refinery in ‘Isfahan and pharmaceutical group Barekat were the most followed clues.

A capital market analyst said transactions on the Tehran Stock Exchange will follow an upward trend in the final months of the current Iranian calendar year (ending March 2022).

Based on the forecast, it looks like the stock market will experience a positive trend and be on the rise by the end of this year due to the current inflation in the country’s economy, Soheil Kolahchi told IRNA the last week.

Highlighting the parameters affecting stock transactions, he said: up.

Another issue that may affect the stock market in the near future is the nuclear deal and the outcome of negotiations, which may to some extent affect the trading process in this market, the expert added.

Kolahchi further highlighted the need to change some of the stock market regulations and said: Issues such as basic volume and market amplitude are among the topics the change has been discussed repeatedly.

In July, market analyst Mehdi Bayat-Manesh said TEDPIX, the Toronto Stock Exchange’s main index, would improve in the second half of the current Iranian calendar year.

Bayat-Manesh noted that given the current trend of capital inflows into the market, TEDPIX is expected to increase during the mentioned period.

According to Bayat-Manesh, government policies supporting the uptrend of the market should continue in the coming months to ensure this uptrend.

MOM

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