Business And Markets

Tehran Stocks Gain for Second Straight Day

Lower share prices prompted investors to pile into bank and auto shares
Tehran Stocks Gain for Second Straight Day Tehran Stocks Gain for Second Straight Day

The stock market posted significant gains Monday, as share prices across the board ended substantially higher. 
TEDPIX, the benchmark index of Tehran Stock Exchange, rose 2,594.2 points -- the second consecutive session to post a gain after a four-day losing streak -- to close the day at 183,219.5 points. The market remained closed on Tuesday in observation of the annual Arbaeen rituals marking the 40th day of the martyrdom of Imam Hussein (PBUH), the third Shia Imam. 
Although the value of trading remained relatively low, but price corrections have made nearly all stocks attractive to buyers and shares that have posted the biggest falls in the past days now face the biggest demand. 


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