TEHRAN- TEDPIX, the main index of the Tehran Stock Exchange (TSE), rose 11,555 points to 1.404 million points on Sunday.

Over 7.472 billion securities worth 35.661 trillion rials (about $115 million) were traded at the TSE.

The first market’s index rose 10,690 points, and the second market’s index gained 16,313 points.

Iranian Finance and Economic Affairs Ministry has said the government plans to continue supporting the stock market in the long run and shareholders can count on the government’s strategic support.

“The government, along with its short-term and temporary measures to support the stock market, has a long-term strategic plan to continue supporting the market in the future,” the ministry said.

Securities and Exchange Organization (SEO) has unveiled a comprehensive support package to encourage activities in the capital market as shareholders are getting reluctant to invest in the market.

One of the major measures considered in this package is the insurance of shareholders’ capital and dividends over the next year.

The comprehensive support package for the capital market, which was designed in late October and has been reviewed by the country's economic authorities, was put into effect on October 29.

TSE is one of the four Iranian stock exchanges and the most important one. The other three ones are Iran Mercantile Exchange (IME), Iran Energy Exchange (IRENEX), and Iran’s over-the-counter (OTC) market, known as Iran Fara Bourse (IFB).

MG