TEHRAN – 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, IRNA reported.

“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 in a statement released on Tuesday.

The ministry’s statement was released in response to an article published by Sharq Newspaper titled "fear and hope in the capital market" in which some worries regarding the future of the market have been addressed.

The government managed to show its serious support for the capital market with its recent support package, the statement read.

“Of course, the 13th government has always supported the capital market and the stability and outlook of the market have always been important for the government. Of course, the capital market and the developments in this market are affected by the instrumental view of the past as well as the real economic developments in the country and the changes of different variables and risks in the political, economic, commercial, and social fields,” the ministry stated.

EF/MA