Tehran’s share market pared earlier losses at the close of trading week on Wednesday as investors, buoyed by supportive measures, repositioned to the buy side.
The main index of Tehran Stock Exchange, TEDPIX, gained 39,515 points to climb 2.37%, closing trading session at 1,704,108.
Trade value reached 230.17 trillion rials ($920 million), which was 24.6% higher compared to the previous session, indicating that liquidity of shares has increased significantly, according to eghtesadnews.
The rally was led by the giants, including shares banks, mineral, petrochemical and steel companies. Many small shares were hit by sell-off causing the equal-weighted index to gain less. The index closed 0.49% higher for the day.
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