Tehran stocks gained 32,000 points at the close of trading week on Wednesday to push the benchmark of Tehran Stock Exchange 3.8% higher.
The market saw a highly rewarding week with daily gains of above 3% on average amid professional investors and market analysts’ worries about what lies ahead and growing enthusiasm by novice investors to get a slice of the growing pie.
Commodity stocks and shares of banks and auto companies were the main drivers of the rallies in the past two weeks despite collapsing international oil prices and a prolonged downturn in the base metal market.
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