Title: Tehran Stock Market Stages Recovery After 11-Day Downturn – Key Drivers Analyzed
Introduction
After 11 consecutive days of decline, Iran’s stock market rebounded on Saturday, with the benchmark TEDPIX index rising by 16,248 points to close at 2,571,125 units. The recovery follows weeks of downward pressure, with the index dropping from 2.8 million units in late July to 2.5 million units before the turnaround.
Market Performance Highlights
- TEDPIX Index: Gained 0.64%, marking its first positive session in nearly two weeks.
- Equal-Weight Index: Rose by 2,133 units, settling at 784,386 units.
- Trading Volume: 261,000 transactions worth 8,271 billion tomans were recorded.
- Top Performers: Stocks such as Faras, Webmelat, and Nouri drove the index upward, while Webmelat, Khodro, and Foulad were among the most actively traded.
Over-the-Counter (OTC) Market Update
The Iran Fara Bourse Index also saw gains, climbing 13 units to 23,525 units, with 135,000 transactions valued at 11 trillion tomans. While Fazar, Kegaher, and Samaan weighed on the index, Samaan later contributed positively.
Expert Insights: What Fueled the Rebound?
Analysts attribute the recent volatility to a mix of structural liquidity constraints, investor caution, and short-term speculative trading. Despite these challenges, the market’s strong fundamentals and previously record-breaking performance—peaking at 3.2 million units—suggest underlying resilience.
Conclusion
While political and economic variables continue to influence market sentiment, Saturday’s rebound signals cautious optimism among investors. Observers will monitor whether this recovery marks the beginning of a sustained upward trend or a temporary respite.
(Image: Tehran Stock Exchange trading floor, August 2024)
