TEHRAN- TEDPIX, the main index of the Tehran Stock Exchange (TSE), rose 15,368 points to 1.269 million on Monday.

As IRNA reported, over 6.054 billion securities worth 28.225 trillion rials (about $97.5 million) were traded at the TSE on the mentioned day.

The first market’s index rose 10,278 points, and the second market’s index gained 33,959 points.

TEDPIX had lost 69,000 points in the past Iranian calendar week (ended on Friday).

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

Iran’s Securities and Exchange Organization (SEO) has unveiled a comprehensive support package to encourage activities in the capital market as shareholders are getting reluctant to invest in the market.

As announced by the SEO Office of Public Relations, one of the major measures considered in this package is the insurance of shareholders’ capital and dividends over the next year.

The comprehensive support package of the capital market, which was designed last week and has been reviewed by the country's economic authorities, was put in effect as of Saturday morning.

Insuring the shares of real entities up to one billion rials (about $3,450) per person, issuing subordinated warrants on shares of fixed income funds up to 400 trillion rials (about $1.38 billion), injecting new resources into the market by sovereign funds to buy shares, depositing up to 50 trillion rials (about $172 million) of the resources approved in the national budget bill for the Capital Market Development and Stabilization Fund as of Saturday, as well as direct and continuous coordination, supervision and monitoring of the legal entities active in the capital market, including companies and semi-governmental financial institutions, pension funds and military institutions are among the measures considered in the mentioned support package.

EF/