Stocks Log Robust Week

After losses for four consecutive weeks, Tehran stocks showed signs of recovery in the last trading week that ended on Wednesday purred by new government pledges to bolster the bourse. 
The main gauge of Tehran Stock Exchange, TEDPIX, gained more than 71,000 points in five trading sessions, climbing 5.8% to settle at 1.3 million points. 
Stocks were bullish in four of the sessions with sell-side pressure ramping up on the last trading day as investors tried to save gains. 
The TSE’s equal weighted index was up 4.5%, better reflecting the performance of small caps. 
Trade saw some comeback from retail investors. Average retail trade stood at 38.5 trillion rials ($140 million) per day in the week up 25% compared with daily average a week before. 
Net capital outflow by retail investors amounted to 10.8 trillion rials ($40m) in the week, registering a 68% weekly decline.  
The bullish trend in the market was triggered at the end of January after the government said that it would bring forward the enforcement date of new support measures approved in December.   
As part of the 2022-23 budget, the measures were originally purported to be enforced in March marking the beginning of the Iranian New Year. The government announced the decision on Jan 26.