Business And Markets
0

Tehran Stocks Make a Comeback

Tehran Stocks Make a Comeback
Tehran Stocks Make a Comeback

Bucking a four-day declining trend, Tehran's share market made a promising comeback on Sunday, as investor sentiment was buoyed by the regulator's new measures to boost the struggling market. 
The main gauge of Tehran Stock Exchange, TEDPIX, gained 35,187 points to climb 3.1%, closing the session at 1,170,532. 
Price spike in most of large caps pushed up the market cap-weighted TEDPIX as also shown by a whopping 4.4% growth in TSE-30 Index, which tracks the performance of top 30 TSE-listed companies in terms of market cap. 
The equal-weighted index gained by a meager 1.2%, as a number of small caps were still under sell-side pressure. 

Premium

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

Financialtribune.com