TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 14,665 points to 1.376 million on Tuesday.

As reported, over 4.324 billion securities worth 33.564 trillion rials (about $799 million) were traded at the TSE.

The first market’s index rose 15,444 points, and the second market’s index gained 14,751 points.

TEDPIX lost 43,000 points, or three percent, to 1.393 million in the past Iranian calendar week (ended on Friday).

During the past week, the indices of Isfahan Refining Company, National Iranian Copper Industries Company, Mobarakeh Steel Company, Iran Khodro, and Sabzevar Pars Steel Complex, and Arian Chimia Tech Industrial Group were the most widely followed ones.

Finance and Economic Affairs Minister Ehsan Khandouzi hosted a meeting with the representatives of over 30 major companies active in the capital market on Monday to exchange ideas for resolving issues and developing the economy.

Speaking in the meeting, Khandouzi said his ministry plans to make the economy more predictable and eliminate pricing systems that are harmful to the capital market and the stock exchange industry, Mehr News Agency reported.

The official noted that the government will follow new strategies to compensate for the budget deficit by making government assets more productive and also by selling surplus properties.

“The task of the Economy Ministry and the Securities and Exchange Organization is to develop tools and institutions in order to create a transparent, efficient, and predictable market,” Khandouzi stated.

MA/MA