TEHRAN, Iran, June. 29
Trend:
The overall index of the Tehran Stock Exchange (TSE) gained 5,260 points to 1.243 million, on June 29.
Over 8.5 billion shares valued at $1.4 billion changed hands at TSE for the day, Trend reports citing Fars News Agency.
Over 1.9 billion shares valued at $3.7 billion changed hands at Farabourse on Tuesday.
The indices of SHASTA, Tejarat Bank, and Jam Petrochemical Co. had the most positive impact in TSE, and the indices of Persian Gulf Petrochemical Co. and Isfahan Refinery Co. had the most negative impact.
Iran's president-elect Ebrahim Raisi expressed his viewpoint on Stock Exchange in his first press conference held a week after his election on June 18.
He went on to say that Iran will bring back the peoples' trust in the country's capital market.
"We will bring back people's trust in the capital market, the government will definitely not use the stock exchange as a resource to finance its budget deficit," he said.
Raisi said the government will look to provide compensation for losses to small shareholders by creating necessary guarantees.