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Small Caps Lift Tehran Shares

Small Caps Lift Tehran SharesSmall Caps Lift Tehran Shares

Following two consecutive loss sessions, Tehran’s share market saw increase in demand on Tuesday, particularly for small-cap stocks.

The market-weighted benchmark of Tehran Stock Exchange, TEDPIX, gained 1.65% adding 24,525 points to finish trade at 1,514,699 points.

The upbeat performance of small listed companies pushed up the equal-weighted index by 1.35% for the day. The index gives the same weight to all stocks irrespective of their market cap.

While TEDPIX has experienced a few sessions of bull market in recent weeks of lingering market downturn, thanks to support by institutional traders and market markers, the equal-weighted index was rarely closed in positive territory. 

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