TSE’s key index gains 66,000 factors in a 7 days

TEHRAN- TEDPIX, the major index of Tehran Inventory Trade (TSE), rose 66,000 details in the previous Iranian calendar 7 days.

The index shut at 1.213 million points on Wednesday (the final operating day of the week).

TEDPIX returned to the uptrend just after a extended period of fluctuation and continuation of the downward pattern

During the past week, the indices of Iran Khodro Company, Saipa Corporation, Esfahan Oil Refining Company, Kourosh Food Market Company, and Zarmakarun Industrial Organization had been the most commonly adopted indices.

In excess of the past two several years, a range of aspects affecting Iranian economy have produced a new standing in the country’s funds industry, in a way that this current market seasoned these kinds of a advancement in the past Iranian calendar year 1399 (ended on March 20) that was never ever witnessed in its history of extra than 50 several years.

The fall in oil price ranges and the reimposition of the U.S. unilateral sanctions on Iran’s overall economy led the Iranian governing administration to flip to the funds industry for funding.

On a single hand, the governing administration tried to stop liquidity from likely to the marketplaces these kinds of as gold and international forex, and on the other hand, contemplating the new situations in the Iranian overall economy, it also looks at this market with a see of funding, which resulted in the prosperity of this industry.

The soaring price of inflation and also that of foreign forex trade have been also pointed out as two main factors led to the flourishment of the cash market.

In addition to inflation, which has been 1 of the key drivers of money current market progress in the earlier two yrs, a different current market driver is transforming the angle of authorities officials towards the money market place and seeking to transfer the shares of 18 large state-owned corporations via trade-traded resources (ETFs).

MA/MA