Tehran Stocks Sharply Higher

Extending a winning streak into the third session, most companies in Tehran’s share market eked out gains at the end of trading week on Wednesday. 
The main index of Tehran Stock Exchange, TEDPIX, gained 40,651 points and jumped 3.08% to end trade at 1,359,011. 
As the day came to a close, prices of 481 tickers rose, representing 96% of the total tickers. 
The upbeat mood in the share market in part is driven by hopes for a recovery after the government announced a support package earlier in the week.  The support program includes measures to inject liquidity, boost demand and improve the profitmaking of listed companies.