Tehran Stock Exchange index on the rise

Business Materials 13 July 2020 16:46 (UTC +04:00)
Tehran Stock Exchange index on the rise

TEHRAN, Iran, July 13


The volume of trades at the Tehran Stock Exchange market has been positive and it's predicted that stock index would reach 2 million units, expert in capital market Erfan Houdi, Trend reports citing IRNA.

"Offering government's shares in public companies and the 'Justice Shares' for sale have changed the trades and helped to increase the offering of shares at the stock exchange," he said.

"The stock exchange index currently stands at 1.8 million and it can increase further. The overall stock market index has increased suddenly on Sunday trading from 1.7 to 1.8 million units," he said.

"The change of index could possibly lead to long term rise in trading, although it's unlikely due to vast volume of liquidity that is invested in the market," he said.

Houdi added that the best time to buy shares is after the market reaches its balance.

"Investors are more interested to buy shares of big industries rather than small companies due to their trading range," he said.