TEHRAN - Following the upward trend of the past few days, TEDPIX the main index of the Tehran Stock Exchange (TSE) gained over 8,200 points on Saturday to stand at 2,094,284, IRNA reported.

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

In late April, Head of Iran's Securities and Exchange Organization (SEO) Majid Eshghi said the organization is determined to support shareholders in the stock market.

Speaking in a meeting attended by economic operators from financial institutions, analysts, and capital market media, Eshqi said “Political, social, and economic debates have created some high expectations from the stock market.”

The official referred to the complexity of the prevailing conditions in the market, announcing the serious determination of this organization to support the rights of shareholders.

“The mistrust among the shareholders under the influence of various factors caused the creation of difficult conditions in the market, and now we need empathy given such a problem and to overcome these conditions,” he said.

Eshqi further said when the condition of the capital market is not very suitable, naturally, private sector companies are not very willing to offer their shares in the stock market and they believe that there is not much value for the companies in this market.

Previous experiences, however, indicate that the current conditions governing the market cannot be continued in the long term, the official added.

EF/