Tehran Stocks Surge by 83,000 Points as Comprehensive Regulatory Package Drives Post-Closure Rally
Tehran - BORNA - Market assessments indicate that the trading trend has remained uninterruptedly positive since the stock exchange reopened following an 80-day closure, leaving the trading board almost entirely green since yesterday. The TSE benchmark index, or TEDPIX, advanced significantly by 83,000 points to settle at 4,236,000 points. Simultaneously, the equal-weighted index experienced a remarkable growth of 30,000 points, climbing to 1,131,000 points, reflecting broad-based buying across various market sectors.
Market data for the session revealed that the total number of stock transactions reached 366,777 trades, with the overall trading value exceeding 150 trillion rials. The primary market drivers exerting the most significant upward pressure on the main index included major tickers such as National Iranian Copper Industries, Bank Mellat, Isfahan Oil Refining, Bandar Abbas Oil Refining, Pasargad Bank, Social Security Investment Company, and Tehran Oil Refining.
Parallel growth was recorded in the over-the-counter market, where the Iran Fara Bourse (IFB) overall index advanced by 727 points to stand at 32,866 points, registering a total of 164,489 transactions during the session. The most influential tickers driving the Fara Bourse upward included Zagros Petrochemical, Aryan Investment, Iran Sugarcane Industries, Pasargad Insurance, Saman Bank, Farz Mining, and Mapna Power Generation.
This consecutive market rally unfolds as the Securities and Exchange Organization (SEO) implements a relatively comprehensive package of regulatory and supportive interventions designed to manage market expectations, mitigate negative emotional trading, and directly curb selling pressure. The state-backed stabilizing package features several key components, including an extension of daily trading hours, strict temporary restrictions on the submission of sell orders by institutional investors, and the issuance of specialized stock insurance options bonds under the title "Hamvatan". Furthermore, the regulatory package includes the allocation of 200-million-rial loans directly to retail shareholders to support liquidity and reinforce public investor confidence.
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