Share Market Recovers in Tehran Market

Tehran stocks bounced back on Sunday from a downturn in the previous session gaining 4.1% with 71,484 points. 
Sunday’s gain put the main index of Tehran Stock Exchange at an all-time high of 1,812,832 points, barely 10% shy of the milestone 2 million points. 
The TSE equal-weighted index jumped 3.1% for the day, indicating that the rally swept through a broad range of shares, according to data released by the Tehran Securities Exchange Technology Management Company.  
While opening on a new high note amid long lines of buy orders, particularly for large-cap shares, demand for shares slightly scaled back later as institutional traders increased offers and retailers rushed to sell to save gains.