TEDPIX loses 11,300 points on Saturday

TEHRAN- TEDPIX, the primary index of Tehran Stock Exchange (TSE), fell 11,308 points to 1.27 million on Saturday, which is the primary day of Iranian calendar week.

As reported, over 5.87 billion securities value 43.985 trillion rials (about $1.047 billion) have been traded on the TSE on Saturday.

The first market’s index fell 8,104 points, and the second market’s index dropped 23,433 points.

TEDPIX rose 43,000 points prior to now Iranian calendar week.

The index closed at 1.282 million points on Wednesday (the final working day of the week).

During the previous week, the indices of Civil Servants Pension Fund (CSPF), Social Security Investment Company, Isfahan Oil Refining Company, Mobarakeh Steel Company, and Barekat Pharmaceutical Group have been probably the most extensively adopted indices.

Iran’s Securities and Exchange Organization (search engine optimisation) has launched three single window programs for facilitating the processes and procedures associated to the inventory market actions.

The unveiling ceremony of the talked about programs, held on Tuesday, was attended by Finance and Economic Affairs Minister Farhad Dejpasand and the search engine optimisation Head Mohammad-Ali Dehqan Dehnavi.

According to Dehnavi, these programs are going to supply varied providers to the businesses and other people lively available in the market.

“Companies or monetary establishments needed to undergo many processes which took a very long time for his or her actions within the inventory market; this problem was thought-about as one of many considerations of the merchants and other people lively on this market,” the official mentioned.

Dehnavi famous that launching these single window programs would speed up and facilitate many affairs and hopefully providers can be supplied extra shortly and simply to the purchasers and corporations.

Through the talked about programs, the search engine optimisation, in collaboration with the Real Estate Registration Organization of Iran, the Iranian National Tax Administration (INTA), official newspapers, and the Iran Post, will present all the required providers within the shortest doable time, he defined.

According to the official, the only window providers might be accessible on the search engine optimisation’s new constructing, and by launching these home windows, providers that want frequent commute might be supplied extra simply and in shorter instances.

search engine optimisation had launched one other single-window system, on June 30 2020 to speed up the method of personal firms’ acceptance to the inventory market.

Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA), Iranian Association of Internal Audits (IAIA), Tehran Stock Exchange (TSE), and Iran’s over-the-counter (OTC) market, often called Iran Fara Bourse (IFB), signed a memorandum of understanding (MOU) on June 30, 2020, for launching the talked about single-window system.

The talked about system was aimed toward making a single portal for evaluating, assessing and monitoring the monetary and technical scenario of personal sector firms for approving their entrance into the capital market.


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