TEDPIX gains 4,747 points on Sunday

TEHRAN- TEDPIX, the primary index of Tehran Inventory Exchange (TSE), received 4,747 points on Sunday.

In excess of 9.548 billion securities well worth 72.916 trillion rials (about $1.736 billion) had been traded at the TSE.

The very first market’s index fell 208 details, and the 2nd market’s index obtained 22,205 points.

TEDPIX rose 66,000 details in the earlier Iranian calendar week.

The index closed at 1.213 million points on Wednesday (the very last working day of the week).

TEDPIX returned to the uptrend immediately after a lengthy time period of fluctuation and continuation of the downward trend

Through the earlier week, the indices of Iran Khodro Corporation, Saipa Corporation, Esfahan Oil Refining Corporation, Kourosh Meals Market Organization, and Zarmakarun Industrial Company were the most extensively followed indices.

Above the earlier two decades, a amount of variables affecting Iranian economy have designed a new standing in the country’s capital current market, in a way that this market place skilled these types of a advancement in the past Iranian calendar year 1399 (finished on March 20) that was in no way witnessed in its heritage of much more than 50 many years.

The tumble in oil selling prices and the reimposition of the U.S. unilateral sanctions on Iran’s overall economy led the Iranian govt to convert to the funds marketplace for funding.

On a single hand, the government experimented with to reduce liquidity from likely to the markets this kind of as gold and overseas currency, and on the other hand, thinking of the recent functions in the Iranian economic system, it also seems to be at this sector with a perspective of funding, which resulted in the prosperity of this industry.

The increasing rate of inflation and also that of international currency exchange have been also outlined as two major factors led to the flourishment of the capital current market.

In addition to inflation, which has been one particular of the most important drivers of capital marketplace progress in the earlier two many years, one more sector driver is transforming the angle of government officials toward the money sector and attempting to transfer the shares of 18 big point out-owned providers through trade-traded money (ETFs).

MA/MA