Large-Cap Stocks Lead the Tehran Market

Tehran stock market continued its forward march Tuesday as large-cap shares surged. Rising 22,774 points, the market-cap weighted benchmark of Tehran Stock Exchange, TEDPIX, moved up 1.25% to hit 1,844,858. 
However, the TSE equal-weighted index fell 1,504 points with 0.31% drop reaching 480,856. The latter index offers a better picture of the market as it gives the same weight to all shares irrespective of their market cap. 
More than 12.55 billion shares were traded on TSE and the junior equity market Iran Fara Bourse on Tuesday. Trading value settled at 220.3 trillion ($960 million) rials, which was down 15.6% compared to the previous day.