TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), gained 138 points to close at 1.417 million points on Sunday.

As reported, over 6.876 billion securities worth 32.118 trillion rials (about $110.7 million) were traded at the TSE.

The first market’s index rose 951 points, while the second market’s index fell 2,349 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).

Iranian Finance and Economic Affairs Ministry has said the government plans to continue supporting the stock market in the long run and shareholders can count on the government’s strategic support.

“The government, along with its short-term and temporary measures to support the stock market, has a long-term strategic plan to continue supporting the market in the future,” the ministry said in a statement released on November 8.

MA/MA