TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), gained 348 points to 1.417 million on Saturday.

As reported, over 5.558 billion securities worth 34.857 trillion rials (about $120 million) were traded at the TSE.

The first market’s index rose 3,044 points, and the second market’s index gained 7,94 points.

TEDPIX 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).

The SEO head 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 on Tuesday (November 29).

MA/MA