TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), lost 69,000 points in the past Iranian calendar week (ended on Friday).

 

TSE is one of the four Iranian stock exchanges, and the most important one. The other three ones are Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX), and Iran’s over-the-counter (OTC) market, known as Iran Fara Bourse (IFB).

A report published by Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Monday stated that the capital market is still facing mistrust and uncertainty and with the continuation of the downward trend in the market’s index, shareholders are getting more inclined towards selling their shares.

After falling about 40 percent from its peak in July 2020, TEDPIX, is still facing a continuous decline and now the market is in a more fragile situation than before as the index has fallen below 1.3 million points, the ICCIMA report said.

According to the mentioned report, the capital market is currently facing a sharp decrease in the value of transactions, the obvious reluctance of buyers, and the anxiety and worry of the shareholders.