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Stocks Nudge Up

Stocks Nudge UpStocks Nudge Up

After four straight sessions of bear market, Tehran stocks closed in positive territory on Wednesday.   
The main index of Tehran Stock Exchange, TEDPIX, gained 30,271 points to close at 1,611,452 points, paring 1.9% of earlier losses. The rally was backed by institutional traders who usually target shares of listed companies with big market cap to boost the market-cap weighted TEDPIX.
Small caps closed the session a little above the flat-line and the equal-weighted index gained 551 points to finish 0.13% higher. 

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