Rewritten Title:
Tehran Stock Market Rebounds After 11-Day Slump, Gaining Over 16,000 Points
Market Recovery After Prolonged Decline
After 11 consecutive days of losses, Iran’s stock market saw a positive turnaround today, with the Tehran Stock Exchange’s main index (TEDPIX) climbing by 16,248 points to reach 2,571,125 units. This marks a 0.64% increase, signaling cautious optimism among investors.
Key Market Movements
- Broad-Based Gains: The equal-weighted index also rose by 2,133 points, settling at 784,386 units.
- Trading Activity: A total of 261,000 transactions were recorded, valued at approximately 8.27 trillion tomans.
- Top Performers: Stocks such as Fars, Webmelat, and Nouri contributed significantly to the index’s rise, while Webmelat, Khodro, and Foulad were among the most actively traded.
Over-the-Counter Market Sees Modest Growth
The Iran Fara Bourse (OTC market) also experienced an uptick, with its index rising by 13 points to 23,525 units. Trading volume stood at 135,000 transactions, worth 11 trillion tomans.
Challenges and Long-Term Outlook
Despite today’s recovery, market analysts highlight persistent challenges, including political uncertainties, liquidity shortages, and speculative trading, which have hindered sustained growth. However, the market had previously reached record highs, surpassing 3.2 million units before the recent downtrend.
Investor Sentiment Cautiously Optimistic
With 179 stocks advancing and 153 declining, today’s rebound suggests a tentative return of confidence. Over 37,000 buyers participated, reflecting renewed interest in the market.
Bottom Line: While today’s gains offer relief, long-term stability will depend on broader economic and political factors shaping investor confidence.
