Tehran Stocks Extend Winning Streak

Tehran stocks extended a winning streak into the fifth session on Monday as demand outweighed supply for both small and large cap stocks.
The market-cap weighted index of Tehran Stock Exchange, TEDPIX, gained 15,314.32 points or 1.08% to strengthen above the critical 1.4 million points, closing the session at 1,433,175.
The uptrend continued for small caps as the TSE’s equal weighted index gained more than 1.2%.
At the close of the day, prices of 342 tickers increased, representing 70% of the total tickers. That included 242 tickers of the TSE and 100 in the junior equity market Iran Fara Bourse, according to the Eqtesad News website.