Tehran stocks stretched two-week gains at the close of trading week on Wednesday amid rising trade by retail investors and a renewed rush for micro-cap stocks.
The market-cap weighted index, TEDPIX, gained 15,765 points to climb more than 2.1% compared with 2.4% gains for equal weighted index, an index that track all stocks irrespective of the their market.
Lower TEDPIX gains indicate investors’ renewed fresh interest in shares of small cap companies and their cautionary approach toward bigger market players, which mainly include giant petrochem, metal and refinery companies.
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