Share Market Buoyed by Small Caps

After the weeklong nationwide lockdown to contain the Covid-19 pandemic, Tehran stocks opened on a stronger note on Sunday buoyed by demand for small caps.
The equal-weighted index of Tehran Stock Exchange gained 1.8% to post the highest daily growth in six months. The index gives the same weight to all shares irrespective of their market cap.
Triggered by spike in forex rates, the TSE main index, TEDPIX, gained 15,624.71 points or 1.04% on Sunday to end trading at 1,515,548.
The benchmark is highly sensitive to performance of large caps, including major commodity stocks owned by export-oriented companies.