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TEDPIX loses 29,700 points on Sunday

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TEHRANTEDPIX, the main index of the Tehran Stock Exchange (TSE), lost 29,741 points to 1.42 million on Sunday.

As reported, more than 7.218 billion securities worth 54.014 billion rials (about $ 1.286 billion) were traded on the Toronto Stock Exchange on Sunday.

The first market index lost 24,836 points and the second market index lost 50,425 points.

TEDPIX has lost 38,000 points, or 2.5%, in the past Iranian calendar week.

The index closed at 1.488 million points on Wednesday (last working day of the week).

Over the past week, the indices of the State Pension Fund, Social Security Investment Corporation, Sepid Makian Company, Behsaz Kashaneh Tehran Company and Barekat Pharmaceutical Group were the most followed indices.

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 current inflation in the country’s economy, Soheil Kolahchi told IRNA.

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