Tehran – While the forex and gold coin markets have been trending upward in Iran since last week, the stock market, which had created hope for many investors, is still experiencing a downward trend. decline, according to a private sector official.
Jamal Razaghi, head of the Shiraz Chamber of Commerce, Industries, Mines and Agriculture, explained the recent status of the Tehran Stock Exchange (TSE), which is the main stock exchange in Iran, as follows.
TEDPIX (the main index of the EST) fell 5.1% in the Iranian calendar week ended September 4 and 4.6% last week (ended September 11), although it rose 15% during the first and second days of that week.
The index was expected to see an increasing trend thanks to the support of institutional investors and the prevention of long lines of applicants to buy shares of large companies, but this did not happen.
Some analysts say that the support mentioned was only for some major indices, it was not enough for TEDPIX to return to the rising trend.
It is expected that the measures taken last week, as well as the allocation of one percent of the National Development Fund (NDF) reserve to stabilize the stock market will play an effective role in bringing back growth to the stock market. in the next week.
In addition, some growth in this market is expected due to the rising exchange rate, Razaghi concluded.
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