TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), lost 15,000 points to 1,402,830 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).

Unprecedented fluctuations in the Iranian stock market over the past few months have led shareholders, experts, and scholars to call for the government to increase its support for the market.

Following the rising concerns over the market conditions, in early April, the Government Economic Coordination Headquarters, in its 216th meeting, approved some new directives for regulating the stock market.

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.

“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.

MA/MA