Tehran Stocks Growth Gathers Pace

After largely negative or humdrum days in the past two weeks, Iranian stocks found a new lease on life as the main gauge at Tehran Stock Exchange surged close to 1% and investors hoped for brighter prospects for shares. 
Donyaye Bourse website reported that demand for buying stocks was high at Sunday's session as average share prices rose for 26 listed industries. The main index TEDPIX soared 1,463.29 points or 0.90% to close at 164,470.6. Since February 20, TEDPIX had shed about 3,500 points – a condition ascribed to corporations’ need for cash as they as prepare for yearend closures. Volatility in the domestic and global economy was another factor for the bear market in recent days.