TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 131,000 points (10.21 percent) to 1.414 million points in the past Iranian calendar week (ended on Friday).

As reported, it was the highest weekly rise during the current Iranian calendar year (began on March 21). 

After a long period of decline, the stock market transactions finally returned to the upward cycle from the last two weeks and under the influence of the decisions taken by the government and the Securities and Exchange Organization (SEO), and increased the hope of shareholders to invest again in this market and obtain a reasonable return from it.

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 in a statement released on Tuesday.

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

MA/MA