Commodities Lift Tehran Stock Exchange

Tehran’s stock market picked up on Wednesday on relative optimism among investors as they approached the shares of export-oriented companies, mostly commodity stocks. 
Increase in demand for the “dollar-earning companies” pushed up the index of Tehran Stock Exchange, TEDPIX, more than 2%. The market cap-weighted TEDPIX gained 26,093 points to close at 1,290,571 points, marking the highest daily growth since October 11. 
The TSE-30 Index was up 3.07% as share prices in many giant mineral, metal, refinery, and petrochemical companies increased.  The index tracks the performance of 30 largest companies with the highest market cap at the TSE.  The equal-weighted index was up 0.58%, indicating that small-caps gained less.