Tehran stocks rallied at the end of trading week on Wednesday strengthening stockholders’ hopes to pare mounting losses of previous times.
The benchmark of Tehran Stock Exchange, TEDPIX, drew near to the psychological 1.4 million points, gaining 22,349.11 points or 1.62% to end trade at 1,398,440.
Small caps outperformed blue chips as the TSE’s equal weighted index gaining 2.1%. Unlike the market-cap weighted TEDPIX, the latter index gives the same weight to all stocks.
The market on Wednesday featured a noticeable return of retail investors as seen in the inflow of fresh liquidity. After two weeks of net capital outflow by retail traders, 1 trillion rials ($3.7 million) came back to market.
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