Business And Markets

Tehran Stocks Buck Declining Trend

Tehran Stocks Buck Declining Trend
Tehran Stocks Buck Declining Trend

Investors heaved a sigh of relief on the last day of trading week Wednesday as share prices in Tehran picked up following steep declines in five consecutive rallies. 
The main gauge of Tehran Stock Exchange, TEDPIX, gained 33,260 points and climbed 2.9% pushing up the benchmark to 1,183,978 points. 
The rally was driven by price rise in blue chips and large caps of the TSE as indicated by 4.43% rise in TSE-30 Index, which tracks the performance of 30 listed companies with the highest market capitalization. 
TSE's equal-weighted index eked out smaller gains rising 0.63% and penny stocks didn’t perform well.  Top gainers were refineries, minerals, chemical and metal companies while prices in sugar, communication, mass construction and ceramic declined. 


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