Business And Markets

Tehran Stocks Close on High Note

Tehran Stocks Close on High NoteTehran Stocks Close on High Note

Against expectorations that the stock market may take a breather at the weekend from non-stop rallies in recent days, Tehran Stock Exchange made one of its biggest leaps on Wednesday.    
TSE benchmark climbed more than 1.8% as trade closed to stand above the psychological 380,000 points. The equal-weighted index, which gives the same weight to shares of all listed companies, jumped 1.27% for the day. 
Tehran stocks have shown healthy signs over the past weeks thanks to the combination of fresh liquidity, lethargic parallel markets, positive financial reports and increasing number of new investors. 
An official with the Securities and Exchange Organization said Monday that investors injected 1,290 trillion rials ($9.9 billion) in the TSE and over-the-counter Iran Fara Bourse since the beginning of current fiscal year (March 2019) up until December 21.    


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