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Tehran Stocks Rebound After Brief Correction

Tehran Stocks Rebound After Brief Correction Tehran Stocks Rebound After Brief Correction

Tehran stocks rebounded at the end of trading week on Wednesday after two sessions of price corrections sparked by bleak quarterly reports. 
Tehran Stock Exchange eked out a 1.2% gain for the day climbing more than 5,200 points to close trade at 411,211.48. 
While many listed companies posted losses in the financial reports for the third quarter of fiscal year (Sept. 23- Dec. 21), it appears that the role of fresh liquidity far outweighed the gloomy quarterly report to keep the stocks afloat. 
The equal-weighted index, which gives the same weight to all stocks irrespective of their market cap, posted 1.8% growth, indicating a comparably better performance of smaller firms listed with the TSE.  

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