TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), gained 70,917 points to 1.647 million on Wednesday.

As reported, over 17.579 billion securities worth 103.724 trillion rials (about $357.6 million) were traded at the TSE.

The first market’s index rose 62,346 points, and the second market’s index climbed 110,546 points.

TEDPIX climbed 24,000 points to 1.496 million in the past Iranian calendar week (ended on Friday).

As reported, the index has risen 87,603 points (6.22 percent) to 1.496 million points in the previous Iranian calendar month Azar (ended on December 21).

Head of Iran’s Securities and Exchange Organization (SEO) has said that the country’s stock market has been passing through a challenging time but considering the government’s support, the future of the market is going to be bright.

“The capital market has gone through a challenging period and in the past two and a half years, various issues occurred in the market that led to the creation of a heavy psychological atmosphere,” Majid Eshqi told the press.

According to the official, various plans have been implemented by the government and SEO since last October in three major axes and extensive efforts have been made to achieve the goals set for the market.

Mentioning a support package unveiled by the government, Eshqi noted that 10 strategies were considered in order to protect the rights of investors with an emphasis on long-term benefits, increasing the role of the capital market in the financing of development projects, and improving the effectiveness and smartening of the market’s regulatory system.

MA/MA