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Iran Stock Market - TEDPIX Surges as Bank, Auto Sectors Take Lead

Auto shares were also in high demand on Monday since further price hikes for cars are on the horizon
Iran Stock Market - TEDPIX Surges as Bank, Auto Sectors Take Lead  Iran Stock Market - TEDPIX Surges as Bank, Auto Sectors Take Lead

Stocks jumped on Monday as markets recovered from a tumble in the previous session that pushed the Tehran Stock Exchange and over-the-counter Farabourse into the red. 
TSE's main index, TEDPIX, rose 1,543.40 points to 182,211.7 — snapping a two-day losing streak. Bank and auto shares led the rally as two stocks have become a new darling for investors. The two stocks gained attention after the fad for export-oriented companies' shares faded in the face of newly reimposed US sanctions. 
Export-oriented stocks such as petrochemicals and minerals had led the index to record highs in late summer and early fall after the rial's slide boosted the earnings of these companies...

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