Economy, Business And Markets

TEDPIX Downward Trend

TEDPIX Downward TrendTEDPIX Downward Trend

Tehran Stock Exchange main index (TEDPIX) has plunged 6,894 points since the beginning of the current Iranian year (starting March 21), from 79,015 to 72,121 points in the course of 109 trading days.

TSE trades indicate that during the five-month period, 69.933 billion shares and right offerings were traded valued at 315.611 trillion rials by 1.7 million traders in 5.8 million transaction rounds, Tasnim reported.

A total of 4.2 million fixed-income bonds were also traded valued at 4.2 trillion rials during the same period.

The current negative trend seems to be persistent and some market analysts believe it is high time to shore up portfolios.