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Iran: TSE sees increase

Oct 18, 2020 (MENAFN via COMTEX) --

(MENAFN) In the duration of the previous Iranian calendar week, which ended on Friday, Iran's main stock exchange, Tehran Stock Exchange (TSE), saw a 1.3 percent increase in its key indext, TEDPIX. That is the equivalent to 21,000 points to 1.561 million.

The indictors for the following industries were the highest during the trades of the previous week: the Bank Mellat, Tejarat Bank, Mobarakeh Steel Company, National Iranian Copper Industry Company, Isfahan Oil Refinery, and Iranian Investment Petrochemical Group Company (IIPGC).

While on the other hand, TEDPIX, which was in the midst of a downfall since the middle of August, suddenly started rising in the past two weeks, with the mentioned above points.
For the duration since august 14th until October 9th, the TSE went through some drops of its major index weekly, apart from one week in September.

TEDPIX had reached the highest record, of 2 million points on August 2nd, and even though it went through increase period over the last few months, it also saw some weekly drops since the middle of August.

According to Farhad Deipsand, the Finance and Economics Affairs Minister, all drops in the market were caused by internal issues, which is why the government will be following new improvement methods.

"The stock market situation is not measured only by the fluctuations of its index. The Iranian stock exchange is in the process of becoming a modern stock market," Dejpasand concluded.

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