March 13, 2019 19:01

TEDPIX Posts 5-Day Winning Streak

Bank shares also had a good time at TSE on Wednesday as investors reckon that doing away with the controversial subsidized currency policy will boost bank assets when they are valued at free market rates

Iran's main stock index ended Wednesday's session close to a resistance level that it has held for close to four months, boosted by continued gains for the biggest commodity shares.
The TEDPIX Index on Tehran Stock Exchange advanced for a fifth straight session, extending its winning streak on Wednesday. The benchmark index grew 1,205.84 points or 0.72% to close at 169,115.5 points. The market crossed the 170,000 threshold last November.
Among the giants that had the main positive impact on TSE were Mobarakeh Steel Company, Bank Mellat, Tamin Petroleum& Petrochemical Investment Company and Pardis Petrochemical Company.

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Tehran Stock Exchange