Tehran Stock Exchange's benchmark TEDPIX index gains 23,000 points
TEHRAN, Iran, Jan.11
The Tehran Stock Exchange's benchmark TEDPIX index gained 23,000 points in early trading, reaching 1.3 million points in total, Trend reports citing ILNA News Agency.
The indices of National Iranian Copper Industries Co., Isfahan Mobarakeh Steel Co., the Social Security Investment Company (SSIC aka "SHASTA"), Iran Khodro Co., Persian Gulf Petrochemical Industry commercial co., and Ghadir Investment Company, were the most traded indices in TSE on Sunday.
The total index of the Tehran Stock Exchange soared from about 500,000 units at the beginning of the Iranian calendar year, starting March 20, to two million units in mid-August. Many experts have blamed government manipulation for the stock market increases, which have created a bubble.
Since the second half of August, the TSE index has fluctuated and dropped by 500,000 units in the last two months.