TEDPIX climbs 11,500 points on Wednesday
TEHRANTEDPIX, the main index of the Tehran Stock Exchange (TSE), gained 11,574 points to 1.437 million on Wednesday.
More than 7.813 billion securities worth 67,342 billion rials (about $ 1.6 billion) were traded on the Toronto Stock Exchange on Wednesday.
The primary market index gained 9,498 points and the secondary market index gained 20,192 points.
TEDPIX fell 7.3% in the last Iranian calendar week (ended Friday).
Iran’s new Minister of Finance and Economic Affairs, Ehsan Khandouzi, previously stressed that the capital market was one of his ministry’s top priorities during his tenure.
Increase the role of the capital market in the financing of production companies and projects, diversify financial instruments in the capital market, eliminate unnecessary regulations and barriers, facilitate the entry of companies into the stock market, reduce the cost issuing bonds by facilitating relevant regulations, canceling monopolies and facilitating licensing of stock market related services such as portfolio management, marketing and brokerage, reforming corporate governance to manage conflicts of interest between major and minor stakeholders and finally inducing people to invest indirectly in the capital market were mentioned as the major programs that the Ministry of Economy will pursue in order to improve the capital market.
According to Khandouzi, the stock market is one of the most important pillars of the economy as it will play an important role in financing government projects and supporting economic growth.