TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 10,628 points to 1.28 million on Tuesday.

As reported, over 5.418 billion securities worth 28.372 trillion rials (about $97.8 million) were traded at the TSE.

The first market’s index rose 8,621 points, and the second market’s index gained 18,813 points.

TEDPIX 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).

Head of Iran’s Securities and Exchange Organization (SEO) has said the government is going to consider the issues and concerns regarding the stock market in preparing the national budget bill for the next Iranian calendar year (begins on March 21, 2023).

Speaking to IRNA on Sunday, Majid Eshqi said: “In the recent meeting of the government economic coordination headquarters and in the report that we presented to the president, the concerns of the stock market for the future were discussed and it was decided to consider the challenges and concerns of the market in the budget of 1402 [next Iranian year] with the government's support.”

“The stock market is going through difficult times; this situation is caused by a set of factors affecting the market trend and the behavior of investors,” Eshqi said.

The SEO head also mentioned the reluctance of buyers in the stock market and said: “Lack of liquidity is another problem that is now evident in the market because buyers have stopped buying in this market for various reasons.”

However, he stated that according to past experiences, the downward or upward trend in the market has never been stable and the current situation will also pass.

MA/MA