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Thursday, February 9, 2023

TEDPIX loses 33,000 points on Tuesday

EconomyTEDPIX loses 33,000 points on Tuesday

Tehran (Times Of Ocean)- TEDPIX, the main index of Tehran Stock Exchange (TSE), dropped 33,000 points to 1,445,000 million on Tuesday.

Today’s capital market transactions were affected by the Ministry of Industry, Mine and Trade decision on exports and the remarks by the Iranian Privatization Organization’s chief on auto stocks. TEDPIX

The Ministry of Industry, Mine, and Trade announced yesterday that export tariff would be implemented. Additionally, the Iranian Privatization Organization’s chief called the transferring stocks of automobile manufacturers conditional.

Discussing the capital markets’ current issues and challenges, SEO chief Majid Eshqi said “lack of sufficient training for shareholders, facilitating the entry of new companies into the stock market, offering bonds by the capital market instead of banks to provide fixed and working capital for production units, accelerating the formation of credit rating companies in the stock market, and tax exemption for undistributed dividends of companies, as well as pricing problems were some of the most important issues.”

The Money and Capital Market Committee of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) hosted a meeting with Securities and Exchange Organization (SEO) Head Majid Eshqi on January 30.

The Tehran Stock Exchange (TSE) has taken a different path than the rest of the financial world when markets across the globe fall, the TSE soars.

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