TEHRAN, Iran, Dec.21
Trend:
The Tehran Stock Exchange's benchmark TEDPIX index gained 7,621 points in early trading, reached 1.451 million points in total.
The indices of National Iranian Copper Industries Co., the Social Security Investment Company (SSIC aka "SHASTA"), Persian gulf petrochemical industry commercial co., Ghadir Investment Company, Fanavaran Petrochemical Co., Isfahan Mobarakeh Steel Co., were the most traded indices in TSE on Sunday, Trend reports citing Mehr News Agency.
The total index of the Iran Stock Exchange soared from about 500,000 units at the beginning of the Iranian calendar year, starting March 20, to two million units in mid-August. Many experts have blamed government manipulation for the stock market increases, which have created a bubble.
Since the second half of August, the TSE index has fluctuated and dropped by 500,000 units in the last two months.