TEDPIX gains 1,200 points on Tuesday

May 21, 2024 - 15:25

TEHRAN- TEDPIX, the main index of the Tehran Stock Exchange (TSE), gained 1,237 points to 2,113,726 on Tuesday, which is the fourth 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 the Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX), and Iran’s over-the-counter (OTC) market, known as Iran Fara Bourse (IFB).

Iran’s Securities and Exchange Organization (SEO) halted its activities on Monday over the martyrdom of President Ebrahim Raisi and his accompanying team in a helicopter crash a day earlier.

The organization announced the halt of all transactions at the TSE as well as over-the-counter and commodity-based transactions on Monday.

The SEO, however, said that physical market activities at mercantile exchanges go on as normal, adding that it will make more announcements regarding market activity in the coming days.

President Raisi, Foreign Minister Hossein Amirabdollahian and seven others were on board a helicopter when it crashed in Varzaqan region of East Azarbaijan Province on Sunday.

Their aircraft and two other copters were en route to Tabriz City hours after Raisi, along with his Azerbaijani counterpart Ilham Aliyev, inaugurated the joint Qiz Qalasi Dam at the border between the two countries earlier on Sunday.

Elected in 2021, Raisi served as the eighth president of the Islamic Republic of Iran.

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