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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