Tehran Stock Exchange main index falls by 376 points

Business Materials 15 August 2016 17:47 (UTC +04:00)

Baku, Azerbaijan, Aug. 15

By Fatih Karimov – Trend:

The main index of the Tehran Stock Exchange (TSE) has fallen by 376 points or 0.48 percent on Aug. 15, to end Monday trade at 77,829.

According to the TSE official website, 1,016 million shares valued at about $61.5 million (1.91 trillion rials based on official rate of 31,074 rials per USD) were traded at 57,541 transactions.

The National Iranian Copper Industries Co., Bandar Abbas Oil Refining Company and automaker SAIPA had the biggest negative effect on the TSE index.

Meanwhile, Iran Transfo, Karafarin Bank and Tamin Pharmaceutical Investment Company 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).

On July 26, the Securities and Exchange Organization's high council 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.

Shapour Mohammadi will replace Mohammad Fetanat-Fard who chaired the SEO since December 2014.