Tehran Stock Rally Continues Unabated

The benchmark of Tehran Stock Exchange gained more than 5,800 points on Monday to push TEDPIX about 1.6% higher as investor sentiment for short-term gains remains high. 
As seen in recent days, the market is dominated by retail and natural entity investors who are more interested in the shares of small-companies in their pursuit of overnight gains. 
Buying ofsmall stocks sent the equal-weighted index, which gives the same weight to all stocks regardless of volume and value, higher than the main index at 1.8%. 
Apart from inflow of liquidity and investor optimism toward quarterly reports of listed companies, which were the main drivers of incessant rallies over the past month, investors were buoyed by the government’s partial approval of an executive bylaw outlining the terms for asset revaluation of listed companies.