The Tehran Stock Exchange’s main index, TEDPIX, experienced a significant decline on Tuesday, falling by 4,998 points to close at 2,201,908. This drop occurred on the fourth day of the Iranian calendar week, reflecting ongoing volatility in the country’s primary securities market.

The Tehran Stock Exchange is the largest and most influential of Iran’s four stock exchanges, which also include the Iran Mercantile Exchange, the Iran Energy Exchange, and the over-the-counter market known as Iran Fara Bourse.

In response to the market downturn, Majid Eshghi, head of Iran’s Securities and Exchange Organization (SEO), reassured stakeholders of the organization’s commitment to protecting shareholders. Speaking at a meeting attended by financial institution representatives, market analysts, and capital market media, Eshghi highlighted the complex political, social, and economic factors that have raised expectations and contributed to market uncertainty.

Eshghi acknowledged that growing mistrust among investors, fueled by these multifaceted issues, has led to challenging conditions in the capital market. He emphasized the need for empathy and concerted efforts to stabilize the situation and restore confidence among shareholders.

Highlighting the reluctance of private sector companies to list shares during periods of market instability, Eshghi noted that when capital market conditions are unfavorable, companies perceive limited value in public offerings. However, he also expressed optimism that the current challenging environment is unlikely to persist indefinitely, referencing past market experiences as evidence that such situations tend to improve over time.

The SEO chief’s remarks come amid broader concerns about the market’s performance and efforts to implement measures that support investor rights and revive momentum in the Iranian stock market.