TEDPIX still dropping
TEDPIX, the main index of the Tehran Stock Exchange (TSE), which is Iran’s major stock exchange, dropped 53,000 points to 1.608 million on Monday, IRIB reported.
It’s more than two weeks that the index is on a falling trend.
It should be mentioned that the index had hit the record high of two million points on August 2, and while it had been experiencing an unprecedented trend of rising over the recent months, it witnessed several days of drop in the past two weeks.
Gaining 45,672 points on August 2, the TSE’s main index had stood at 2.007 million, notching up another outstanding record in the current Iranian calendar year (started on March 20).
It had hit the record high of 1.5 million points on June 30, and then it climbed half a million points in just one month to hit the record high of two million.
source: TehranTimes
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