Share Market Extends 6-Day Gains

Prices across large and small cap stocks rose on Saturday, extending a rally in Tehran’s share market into the sixth session.
The main index of the Tehran Stock Exchange, TEDPIX, gained 25,555.18 points or 1.65% to close trade at 1,575,763.
As usual penny stocks outperformed pushing up the TSE’s equal weighted index by 2.45%. Unlike the market-cap weighted TEDPIX, the equal-weighted index gives the same weight to all shares irrespective of their market cap.
A total of 427 tickers gained on Saturday, accounting for 88% of the market. Trade value by retail investors reached 127.56 trillion rials ($470 million), up 7% compared to the session before.