Baku, Azerbaijan, Aug. 8 By Fatih Karimov – Trend:
The main index of the Tehran Stock Exchange (TSE) has fallen by 379.7 points or 0.48 percent on August 8, to end Monday trade at 783245. According to the TSE official website, 824 million shares valued at about $ 58.5 million (1.82 trillion rials based on official rate of 31,000 rials per each USD) were traded at 72,750 transactions.
The National Iranian Copper Industries Co, Omid Investment Management Corporation (OIMCO) and Mobarakeh Steel Company had the highest negative effect on the index. Meanwhile Mobin Petrochemical Co, Jam Petrochemical Company and Tamin petroleum & petrochemical investment co were among the companies that prevented the index to fall more. During its recent sessions since July 26, TSE reacted positively to the recent appointments at the Securities and Exchanges Organization of Iran (SEO).
The Securities and Exchange Organization's high council July 26 named Shapour Mohammadi as the new head of the SEO, the supervisory authority of Iran financial market. Meanwhile, Ahmad Araghchi, Saeed Fallahpour, Ali Saeedi and Hassan Amiri, were appointed as the new members of the SEO board of directors. Mohammadi will replace Mohammad Fetanat-Fard who chaired the SEO since December 2014.