Business And Markets

Tehran Stocks Surge 1.3%

Tehran Stocks Surge 1.3% Tehran Stocks Surge 1.3%

Tehran Stock Exchange and Iran Fara Bourse closed trading week in positive territory on Wednesday, riding on the power of fresh liquidity and increasing number of new investors who compete to make gains from the highly lucrative stock market. 
TSE’s benchmark gained more than 5,600 points for the day, climbing about 1.3% to close session at the unprecedented level of 445,894 points. 
Wednesday’s gains put the growth of TSE’s benchmark, TEDPIX, at 150% since the beginning of current fiscal year (ends in March), making it undoubtedly a top-performing market which is attracting investors like a magnet. 
On Wednesday, institutional and legal entity investors sold more than 3.14 trillion rials ($23 million) worth of equities to retail investors, a rare record, which indicates the expanding dominance of individual and retail investors in the market. Retail investors traded shares worth 37.7 trillion rials ($290 million), according to stock market analytical website Donyaye Bourse.


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