Tehran Stocks on Course for New Rally

Tehran stocks made robust gains Tuesday after a brief correction a day earlier as retail investors continued to inject liquidity into the market. 
The main gauge of Tehran Stock Exchange, TEDPIX, gained over 13,670 points and climbed 2.4% to close session at 583,345. 
Iran’s stock market is dominated by retail investors while institutional investors are taking a peripheral role as shown by daily trade data. 
According to analytical Donyaye Bourse website, retail investors trade reached 54.48 trillion rials ($340 million) on Wednesday and this group bought 40 trillion rials ($250 million) in stocks from institutional traders during eight working sessions since the beginning of Iranian New Year on March 20.