Business And Markets

Tehran Stocks Inch Higher

Tehran Stocks Inch Higher Tehran Stocks Inch Higher

Benchmark of Tehran Stock Exchange gained 4,831.98 points on Monday to comfortably cross the critical level of 500,000 points and end the session at 503,736.0. 
Main gauge of TSE, TEDPIX, climbed 0.93% to extend a dramatic 3.5% gain a day earlier.  The equal-weighted index grew almost double to about 1.8%, indicating upbeat performance of small-cap companies. 
Hikes in currency rates and ensuing inflationary expectations as well as increasing number of investors and the liquidity they bring to the market are driving Tehran stocks forward. 


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