Business And Markets

Tehran Stocks 0.44% Higher

Tehran Stocks 0.44% Higher
Tehran Stocks 0.44% Higher

Tehran’s share market was choppy at the start of trading week on Saturday as a strong rally in the early hours weakened as trading session drew to a close.
Despite mounting sell-side pressure in the late hours, the main index of Tehran Stock Exchange, TEDPIX, closed higher gaining 5,745 points or 0.44% to end trade at 1,311,241.
The benchmark growth was mainly due to price rise in most refinery stocks following reports that the government plans to offer discounts on feedstock sold to the refiners.  
The session saw some growth in capital inflow by retail traders. According to Eqtesad News, net capital injection by retail investors was 1.35 trillion rials ($5.6 million), up 462% compared to the earlier session.  


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