TEHRAN - TEDPIX, the main index of the Tehran Stock Exchange (TSE), fell 53,919 points to 2,207,980 on Saturday, which is the first day of the Iranian calendar week.

TSE is one of the four Iranian stock exchanges, and the most important one. The other three ones are Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX), and Iran’s over-the-counter (OTC) market, known as Iran Fara Bourse (IFB).

In late January, the deputy governor of the Central Bank of Iran (CBI) stressed the need for diverse financing tools in the country, noting that such tools are currently being provided by the stock market.

“To reduce the speculative and profit-seeking activities of dealers in the country, financing tools should be diversified,” Mohammad Shirijian said.

“The capital market is an institution that directs capital to production in an efficient manner. Now, to accelerate the process of resource transfer and high productivity, the financing should be directed to the enterprises,” the official explained.

EF/