Business And Markets

TEDPIX Crosses 1.5m Threshold

TEDPIX Crosses 1.5m Threshold
TEDPIX Crosses 1.5m Threshold

Tehran stock market extended a winning streak on Sunday with the benchmark of Tehran Stock Exchange climbing above 1.5 million points as positive developments boosted sentiment.    
TSE's main index, TEDPIX, gained 32,429.66 points or 2.18% to end trading at 1,523,105.76. The equal-weighted index hiked 2.37%, showing that both small and large cap shares gained at the same space. 
The government plan to augment its revenue by selling shares in the next fiscal budget (2021-22), efforts by the parliament to send the list of malefactors in the stock market to judicial authorities and the Majlis plan to source funds for its ongoing direct subsidy plan by selling government shares were positive signs for the bourse.  


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