Iran’s stock index TEDPIX loses 30,000 points, falls below 1 million mark

Published: Updated:
Enable Read mode
100% Font Size

Iran’s main stock index fell below one million points Saturday, a week after topping that mark, state affiliated media reported.

The Tehran Stock Exchange’s benchmark TEDPIX index lost 30,000 points in early trading on Saturday, falling to 989,000 points.

The stock exchange rose above the 1 million mark for the first time last Saturday amid warnings that the market was overheating.

For more coronavirus news, visit our dedicated page.

Analysts said the booming stock market was at odds with Iran’s economic fundamentals, which are deteriorating under the weight of sanctions and the coronavirus outbreak, raising the risk of a stock market bubble.


Read more: More than 1,500 new coronavirus cases in Iran

Top Content Trending