TEHRAN, June 20 (Mehr News Agency)-- Decline in Tehran Stock Market (TSE) indexes is due to political developments rather than management change.

An economic expert Teymour Abu-Hamze told Mehr News Agency on Wednesday that given the risk factor of investments in the stock market, political distractions result in stcok market decline..

Meanwhile, he noted that the 90 and 40 point rises during the past couple of days made up for Sunday's loss

He stressed that participation of new investors would increase stock market's activities raising the index.

Abu-Hamze added that the stock market is a sensitive sector of the economy reacting rapidly to political developments.

The Iranian capital market, although being small, plays an important role in mobilizing and directing capital to the vital sectors of the economy, adding that it must function in a stable and secure environment.

MK/MR

News Code 186

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