TEDPIX drops 3,700 points on Saturday

TEHRANTEDPIX, the main index of the Tehran Stock Exchange (TSE), lost 3,797 points to 1.48 million on Saturday (the first day of the Iranian calendar week).

More than 12.823 billion securities worth 90.514 trillion rials (about $2.155 billion) were traded on the TSE on Saturday.

The index of the first market lost 2,706 points and the index of the second market lost 7,880 points.

TEDPIX rose 78,000 points, or 5.5 percent, in the past Iranian calendar week.

The index closed at 1.484 million points on Wednesday (the last working day of the week).

Over the past week, the indices of National Iranian Copper Company, Mobarakeh Steel Company, Social Security Investment Company, State Retirement Fund and Barekat Pharmaceutical Group were the most followed indices.

The head of Iran’s Securities and Exchange Organization (SEO) has said the country’s manufacturing units and companies can boost employment and production by raising capital through the stock market.

MOM