Business And Markets

Stocks Close Week Higher

Stocks Close Week Higher
Stocks Close Week Higher

Tehran’s share market eked out a subtle gain at the close of trading week on Wednesday, putting the weekly advance at the  Tehran Stock Exchange at 1.75%.
This is the fourth week in a row that the TSE has posted a    weekly gain, indicating that the market is recovering from one its longest bearish trends that lasted for almost a year.
The TSE's main gauge, TEDPIX, gained 1,601 points or 0.12% Wednesday to end trading at 1,305,490.69. Its equal-weighted index was up 0.3%, indicating a better performance of small caps.  
About 7.84 billion shares valued at 63.79 trillion rials ($255.17 million) changed hands at TSE for the day. Loghman Pharmaceutical & Hygienic Company was the biggest winner as its shares went up 5.88% to 39,230 rials per share.


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