Business And Markets

Tehran Stocks on Course for New Rally

Tehran Stocks on Course for New Rallies Tehran Stocks on Course for New Rallies

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.  


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