TEHRAN, Iran — Lingering ambiguities, cuts in company earnings, high interest rates, stubborn inflation and Western sanctions have combined to send the Tehran Stock Exchange’s TEDPIX to its lowest point in over two years.
According to Tehran Stock Exchange data, TEDPIX has been extending its monthslong rout, and is now hovering just above the 61,000 mark. Broad sell-offs, particularly in the important automotive sector amid negative adjustments in biannual company reports, have greatly contributed to the latest downturn.
