Stocks Extend Weekly Gains

Tehran’s share market extended gains in the previous trading week as the market turned bullish and retail investors showed renewed interest.
Benchmark of Tehran Stock Exchange, TEDPIX, registered gains in three of the four trading sessions putting total gains at more than 31,673 points or 2.2%. 
TEDPIX is influenced mainly by price fluctuations in shares of big firms with high market capitalization, namely petrochemical, metal and auto companies plus refineries and banks. 
Small caps and penny stocks had a relatively better performance as the equal-weighted index gained more than 3.1% in the week.