Tehran Stocks Buoyed By Big Listed Companies

Tehran Stock Exchange hit the unprecedented level of 350,000 points on Wednesday amid demand for shares of banks and commodity companies. 
The main gauge of TSE added more than 3,400 points for the day to push TEDPEX 1% higher as liquidity flowed from small companies to bigger stakeholders.
Thanks to the inflow of cash, there was demand largely for petrochemical, metals, refinery, mineral and bank stocks. This is while smaller listed companies were hit by selloff. 
The equal-weighted index, which is usually higher than the main index, was lower on Wednesday at 0.6%, indicating poor performance of SME stocks.