The Tehran Stock Exchange Price Index (TEPIX) is the primary stock market index for the Tehran Stock Exchange (TSE), which represents the overall performance of the stock market in Iran. The TEPIX serves as a benchmark for investors and financial professionals to gauge the health of the Iranian stock market and compare their investment returns against the broader market.
The TEPIX is a market-capitalization-weighted index, meaning that the weight of each stock in the index is determined by its market capitalization, or the total market value of its outstanding shares. This method ensures that larger companies with a higher market capitalization have a greater impact on the index's value, while smaller companies with lower market capitalization have a lesser impact.
The TEPIX includes all the companies listed on the Tehran Stock Exchange, encompassing various sectors of the Iranian economy such as banking, manufacturing, mining, telecommunications, and transportation. As a result, the index provides a comprehensive view of the performance of the Iranian stock market and reflects the overall state of the country's economy.
The value of the TEPIX is calculated continuously during trading hours, and the index is updated regularly to account for changes in the market capitalization of its constituent companies, such as stock splits, dividend payments, and the issuance of new shares. It is important to note that the TEPIX is a price index, which means it measures the changes in the market prices of its constituent stocks and does not include the reinvestment of dividends.
Investors and financial professionals can track the performance of the TEPIX to gain insight into the Iranian stock market's trends, identify investment opportunities, and make informed decisions about their investment portfolios. However, it is essential to be aware of the potential risks and uncertainties associated with investing in Iranian securities, including the impact of economic sanctions, currency fluctuations, and domestic economic challenges on the performance of the Tehran Stock Exchange and the overall stability of the Iranian economy.
Below is a list of Tehran Stock Exchange Price Index (TEPIX) components:
Telecommunication Company of Iran
National Iranian Copper Industries Company
Mobarakeh Steel Company
Ghadir Investment Company
Gol Gohar Iron Ore Company
Khouzestan Steel Company
Omid Investment Corporation
Pardis Petrochemical Company