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TEDPIX rises as Iran focuses on market transparency and investor rights

EditorRachael Rajan
Published 11/21/2023, 09:52 PM
© Reuters.

TEHRAN - The Tehran Stock Exchange (TSE) witnessed a modest rise in its benchmark index, the TEDPIX, which climbed 0.11% to reach 2,020,137 points amid the fourth Iranian calendar week. This gain reflects ongoing efforts by the Securities and Exchange Organization (SEO) and the 13th government to bolster market integrity and investor confidence.

Majid Eshghi, the head of SEO, has been vocal about the strategies implemented since the early days of the current administration to safeguard long-term investor interests. The focus has been on ensuring a fair and transparent trading environment across all Iranian financial platforms, including TSE and other key exchanges such as the Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX), and Iran Fara Bourse (IFB).

The SEO's commitment is part of a broader initiative to restore faith in Iran's financial markets by promoting openness and fairness. Eshghi emphasized that these efforts are supported by various programs designed to incorporate private sector participation into the exchanges, enhancing the overall efficiency of Iran's financial system.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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