Tehran’s stock market posted gains for 10 weeks in a row indicating that the stuttering market is recovering after the bubble burst in August 2020.
Benchmark of Tehran Stock Exchange eked out a 3.34% gain during the last trading week on Wednesday. Stocks of small companies posted bigger gains. The TSE’s equal-weighted index closed week 6.5% higher indicating that small caps outperformed blue chips last week, according to Persian-language economic website Eqtesad News.
Upbeat mode in the market has once again attracted attention of millions of retail investors hoping to compensate mounting losses of last year.
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