Business And Markets

Tehran Stocks Climb 3.6%

Tehran Stocks Climb 3.6% Tehran Stocks Climb 3.6%

Tehran stocks opened trade on a stronger note Saturday with the main index of Tehran Stock Exchange, TEDPIX, gaining unprecedented 19,940 points. 
The benchmark closed the session more than 3.6% higher and stood at an all-time high of 567,607, adding to the 6.8% gain  during the past five trading sessions since the beginning of the Persian New Year on March 20. 
The upbeat trend covered a range of shares in the market with bank, metal, refinery and petrochemical stocks leading the rally. 
Bank stocks rose amid news that the stock market regulator had allowed listed banks to reevaluate their assets based on higher foreign exchange parity rate as announced by the Central Bank of Iran, according to Boursepress news website. 


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