Small Caps in Upbeat Mode

A broad range stocks rallied in Tehran on Tuesday but sentiment was high for the small cap stocks as seen in most  recent sessions. 
Rising demand for shares of smaller listed companies pushed up the equal-weighted index of Tehran Stock Exchange by 1.76%. The index gives the same weight to all stocks irrespective of their market capitalization.
Buoyed by bank and auto stocks, the main gauge of the TSE, TEDPIX, closed Tuesday's session in positive territory after lethargic performance in the past few sessions. The market-cap weighted TEDPIX gained 8,576 points or 0.6% to close trade at 1,444,968 points.