Business And Markets

Glimmer of Hope for Share Market

Glimmer of Hope for Share Market
Glimmer of Hope for Share Market

The stock market showed some sign of recovery at the start of trading week on Saturday as share prices of majority of listed companies soared for the second day. 
The benchmark of Tehran Stock Exchange, TEDPIX, climbed 3.22%, the highest daily gain in two months driven mainly by large caps. The market cap-weighted index gained more than 38,000 points and clawed back above the 1.2 million points. 
Increase in demand for large caps, the so-called 'benchmark markers', pushed up the TSE-30 Index by 4.4%. The index tracks the performance of top 30 listed companies in terms of market capitalization. 
The equal-weighted index was up by 1.7%, showing that small stocks were not as attractive as the large ones.
After consecutive sessions of capital outflow, Saturday saw net liquidity inflow by retail traders near 8.9 trillion rials ($40 million), according to Eghtesad News website.  


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment