Auto Companies Lift Tehran Stocks

Tehran stocks rallied on Wednesday led by shares of auto companies as reports about rise in prices of domestic cars boosted sentiment.
The benchmark of Tehran Stock Exchange, TEDPIX, gained 11,349.05 points or 0.85% for the day to end trade at 1,349,364 - the highest in two weeks.
Top gainers were auto stocks. Investors rushed to buy shares after Iran Khodro (IKCO) and SAIPA, the two main automakers announced that they had been given permission by the government to increase factory prices.