TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), dropped 4,000 points, or less than one percent, in the past Iranian calendar week.

The index closed at 1.147 million points on Wednesday (the last working day of the week).

During the past week, the indices of Iran Khodro Company, Saipa Company, Kourosh Food Industry Company, Leasing Iranzamin Company, and Zarmakarun Industrial Company were the most widely followed indices.

Head of Iran's Securities and Exchange Organization (SEO) said the stock market has found a special place in the country's economy so that it is impacting other major areas like politics, IRNA reported.

Speaking at the 24th board meeting of the Tehran Chamber of Commerce Industries Mines and Agriculture (TCCIMA) on Tuesday, Mohammad-Ali Dehqan Dehnavi said: “The presence of people in the capital market has provided us with a new tool, and this new tool must be used to eliminate the shortcomings and financial problems of the industries active in this market.”

Stating that people have welcomed the stock exchange and invested major capital in this market, the official added: “The capital market has developed by the people’s presence, and along with it the role of this market in the country's economy has also expanded.”

Dehqan Dehnavi emphasized the fact that the decline in the stock market’s main index has not been an extraordinary incident and the trend of this market has been in line with other parallel markets in the country.

MA/MA