TEHRAN – Head of Iran’s Securities and Exchange Organization (SEO) said on Tuesday that the country’s stock market has been passing through a challenging time but considering the government’s support, the future of the market is going to be bright, IRNA reported.

“The capital market has gone through a challenging period and in the past two and a half years, various issues occurred in the market that led to the creation of a heavy psychological atmosphere,” Majid Eshqi told the press on Tuesday.

According to the official, various plans have been implemented by the government and SEO since last October in three major axes and extensive efforts have been made to achieve the goals set for the market.

Mentioning a recent support package unveiled by the government, Eshqi noted that 10 strategies were considered in order to protect the rights of investors with an emphasis on long-term benefits, increasing the role of the capital market in the financing of development projects, and improving the effectiveness and smartening of the market’s regulatory system.

Iran’s stock market has been wrestling with drastic ups and downs over the past two years and the government has been trying many strategies to return calm to the market and make it the attractive investment place it once was.

EF/MA