TEHRAN- TEDPIX, the primary index of the Tehran Stock Exchange (TSE), increased 28,792 points to 2,788,214 on Wednesday, which is the fifth day of the Iranian calendar week.TSE is one of the four Iranian stock market, and the most essential one.
The other three ones are Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX), and Irans over-the-counter (OTC) market, called Iran Fara Bourse (IFB).
On December 20, a market expert said that Irans stock exchange has actually seen positive momentum in the past month, driven by lower interest rates, the removal of price controls, and encouraging steps from the Ministry of Economy and the Securities and Exchange Organization (SEO).
In an unique interview with IRIB, Ali Pazaki, a capital market specialist, pointed out the replacement of the NIMA exchange rate with a negotiated currency exchange rate as a key factor behind the current market uptick, saying: Since numerous noted business are export-oriented, this shift has improved their success, he explained.He included that the governments removal of obligatory rate controls has significantly benefitted particular markets, especially automotive companies.
Given that car manufacturers underwent regulated prices by the Competition Council, allowing their items to be priced through supply and demand on the product exchange has actually favorably affected their monetary declarations and those of parts manufacturers.Pazaki pointed to decreased organized risks and alleviating regional stress as extra motorists of the favorable pattern in the stock exchange.
These elements have created a calm environment for the capital market in recent days, enabling investors to make choices based upon financial indications, he noted.Looking ahead, Pazaki anticipated a continued favorable outlook for the stock exchange.
Provided the ongoing supportive measures and the intrinsic worth in noted companies, the marketplace is expected to maintain its upward trajectory.
Support from the minister of economy and increased funding for listed firms can contribute to national advancement tasks, ultimately fostering a more vibrant economy.In mid-September, the head of Iran Securities and Exchange Organization (SEO) said the entity will take the essential steps to make sure that the direct and indirect interests of the stock market are thought about in next years budget bill.We are taking unique measures in relation to the budget expense and issues that directly or indirectly impact the capital market, Hojatollah Seyedi stated.He has also stated that improving the stock markets performance is the main priority of the SEO in the current government administrationIn the 14th federal government, our objective is to safeguard the rights and interests of shareholders, help with the formation of capital, and improve the performance of the market which is the priority of the SEO programs, Seyedi underlined.MA