TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 7,000 points (0.5 percent) to 1.417 million points in the past Iranian calendar week (ended on Friday).

The index had risen 131,000 points (10.21 percent) to 1.414 million points in the Iranian calendar week ended on November 11.

As reported, it was the highest weekly rise during the current Iranian calendar year (began on March 21).

After a long period of decline, the stock market transactions finally returned to the upward cycle from the last three weeks and under the influence of the decisions taken by the government and the Securities and Exchange Organization (SEO), and increased the hope of shareholders to invest again in this market and obtain a reasonable return from it.

As reported, TEDPIX has risen 99,638 points (7.61 percent) in the previous Iranian calendar month Aban (ended on November 21).

Iranian Finance and Economic Affairs Ministry said in a statement that fluctuations in the capital market are normal and not every decrease in the market index means the market is constantly falling, IRIB reported on November 26.

In response to some negative reports by local newspapers about the recent decline of the Tehran Stock Exchange’s main index over the past few days, the ministry released a statement scolding the mentioned reports for inducing doubts about the future of the stock market.

“Inducing doubt about the future of the stock market is not a logical approach in a situation where an atmosphere of hope is becoming dominant [in the market],” the statement read.

“Contrary to the approach of the previous government [administration], the 13th government has not looked at the stock market as a means for generating income and has always tried to support the capital market,” the statement said.

The government's view of the stock market in the past year has been a strategic one, and it has provided a series of supports with a short-term, medium-term, and long-term view of the stock market, and the support has never been done for a specific period and with a short-term view only, the ministry stressed.

In late October, the Securities and Exchange Organization unveiled a comprehensive support package to encourage activities in the capital market as shareholders were getting reluctant to invest in the market.

One of the major measures considered in this package was the insurance of shareholders’ capital and dividends over the next year.

MA/MA