Changes in Iran Mercantile Exchange regulations have done wonders for the stocks market.
Talks of the removal of price ceiling for steel products in IME led to a major inflow of capital into the stock market in the starting days of the week.
On Wednesday, by officially authenticating the news, TSE rallied with its all-share index TEDPIX gaining an unprecedented 6,483 points to surpass 155,000 points upon the closing of the market for the week.
TEDPIX went up 17,346.9 points or 12.6% during the week that ended on Sept. 12 to close at 155,061.06.
Iran Fara Bourse’s benchmark index, IFX, gained 193.4 points or 12.2% to stand at 1,771.3.
September 14, 2018 18:44
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Stocks Make Historic Gains
TEDPIX went up 17,346.9 points or 12.6% during the past trading week to close at 137,714.2 while IFX gained 193.4 points or 12.2% to end at 1,771.3
Major good news from the steel industry and speculations in the petrochemical industry led to historic gains at both TSE and IFB
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