TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 3,480 points to 1.386 million on Sunday.

As reported, over 5.725 billion securities worth 39.244 trillion rials (about $934.3 million) were traded at the TSE.

The first market’s index rose 2,764 points, and the second market’s index increased 6,338 points.

TEDPIX rose 58,000 points (4.1 percent) to 1.456 million in the past Iranian calendar week (ended on Friday).

During the past week, the indices of Isfahan Refining Company, National Iranian Copper Industries Company, Mobarakeh Steel Company, Social Security Investment Company, Bandar Abbas Refining Company, Iran Khodro Group, and Saipa Company were the most widely followed ones.

In early July, Market Expert Reza Alavi said that the inflow of liquidity into the market and the increase in the value of transactions indicate that people are once again trusting the capital market.

“At present, other markets such as gold, foreign currency, and cars are not attractive enough for investors, and the stock market is still a good place for people's investments,” Alavi said.

“After the [presidential] election debates, people have come to the conclusion that the stock market is one of the priorities of the new government, and for this reason, they have re-trusted this market, and as a result, the inflow of new capital into the market has increased,” he noted.

MA/MA