TEDPIX Opens Week Higher

Tehran stocks opened trading week Saturday in positive territory buoyed by a rally in large caps and fuelled by the consecutive rise in foreign exchange rates that normally have a positive impact on large caps and commodity stocks.
The main index of Tehran Stock Exchange, TEDPIX, gained 5,595.58 points or 0.47% to finish trading at 1,189,595.65.
Mineral, base metal, steel, petroleum and petrochemical shares were the best gainers of trading session pushing up the TSE-30 Index by 2.63%. The index tracks the performance of top 30 listed companies in terms of market capitalization.
As seen was the case in previous sessions, majority of other shares, including small caps were still under sell-side pressure.


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