TEHRAN (Iran News) – TEDPIX, the main index of Tehran Stock Exchange (TSE), hit a new record high on Monday, as it exceeded 1.9 million points.
According to a report by IRNA, the TSE main index gained 46,814 points to 1.911 million during the Monday trades.
Mobarakeh Steel Company, Persian Gulf Petrochemical Industries Company, Tamin Petroleum & Petrochemical Investment Company (TOPPICO), Gol Gohar Mining and Industrial Company, and Parsian Oil and Gas Development Group Company (POGDC) were the major contributors to the jump of TEDPIX in a single day.
The index had hit the record high of 1.5 million points on June 30.
While the past Iranian year (ending March 19) was full of success for the TSE, the market is also preserving its successful performance in the current year, and the notable point is that other economic sectors are experiencing a declining trend due to the coronavirus pandemic.
In a press conference on June 22, the head of Iran’s Securities and Exchange Organization (SEO) announced that the amount of liquidity absorbed by Iran’s capital market has reached 500 trillion rials (about $12 billion) during the first quarter of the current Iranian year (March 20-June 20).
Hassan Qalibaf-Asl said, “This is while the total amount of liquidity entered into this market stood at 300 trillion rials (about $7.14 billion) during the past year.”
The official further noted that the high amount of liquidity that is entering the capital market has provided good opportunities for this market, as the enterprises are flourishing, and they’re securing their required funds.
- source : Iran Daily, Irannews
