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Tehran Stocks Resume Rally

Tehran Stocks Resume Rally Tehran Stocks Resume Rally

After a one-day hiatus, stocks resumed their rally on Monday with the benchmark of Tehran Stock Exchange TEDPIX climbing more than 2% to 324,705.
TSE underwent a brief correction phase a day earlier following six consecutive rallies. 
The market was boosted mainly by rising demand for stocks in bank, auto and pharmaceuticals groups, according to Donyaye Bourse website.
Among the well-performing bank shares, the stocks of Tejarat Bank, Bank Saderat Iran and Parsian Bank were in the lead.
Auto and pharmaceuticals groups also registered a growth of 4.3% and 3.3% for the day.  

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