TEHRAN,Iran, June 30
Trend:
The index of the Tehran Stock Exchange has surpassed 1.5 million units on Tuesday, indicating significant growth, Trend reports via IRNA.
The index jumped up in the early hours of trading, as all the primary indexes at the stock exchange, including price index, weight index, free float index, primary and secondary market, have grown.
Isfahan Mobarakeh Steel Company, National Iranian Copper Industries Company, Social Security Investment Company (SHASTA), the Persian Gulf Petrochemical Industries Co, MAPNA Group, Mellat Bank, Mine and Metal Development Investment Company contributed the most for the index rise.
The increase of investments in the stock market has encouraged companies to sell their shares to provide for the financial sources and improve production.
The government has supported the stock market recently by offering its shares in public companies via the Exchange Traded Fund (ETF), and has liberalized the ownership of so called 'Justice Shares', so that low-income people could trade at the stock exchange.
Iran plans to offer shares of 15 subsidiary companies of the National Pension Fund at the stock exchange, alongside 12 railway and road projects.